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

# 4    Vesting of undertaking of Sikkim Bank

On the appointed day, the undertakings of the Sikkim Bank shall, by virtue of this Act, stand transferred to, and shall vest in, the Central Government.

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VESTING OF UNDERTAKINGS OF SIKKIM BANK IN THE CENTRAL GOVERNMENT
  • 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
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