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The State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act,1982

The State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act,1982

CONTENTS

Sections

Particulars

1 Short title and commencement
2 Definitions
3 Vesting in the Central Government of certain shares of Sikkim Bank
4 Vesting of undertaking of Sikkim Bank
5 General effect of vesting
6 Vesting of the shares and undertakings of Sikkim Bank in the State Government
7 Power of State Government to direct vesting of the undertakings of Sikkim Bank the Sikkim Co-operative bank
8 Payment of amounts
9 Management etc., of the undertakings of Sikkim Bank
10 Date of delivery possession of property acquired and documents relating thereto
11 Transfer of service of existing officers and employees of the Sikkim Bank to the co-operative bank
12 Act to have overriding effect
13 Protection of action taken in good faith
14 Penalties
15 Offences by companies
16 Delegation of powers
17 Power of Central Government to make rules
18 Power to remove difficulties
19 References to Sikkim Bank in Other laws
20 Dissolution of Sikkim Bank
Schedule

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