draft to the banking company and also to the transferee bank and any other banking company concerned in the reconstruction or amalgamation, for suggestions ... objections received from the banking company and also from the transferee bank, and any other banking company concerned in the amalgamation and from any members
Banks in the country were nationalized including the
Transferee Bank. The New Bank of India Limited was a Private
Bank which was taken over ... government and other
banks on financial and banking matters. The provisions of
the Reserve Bank of India Act shows that a bank has been
created
bank which merges with another co-operative bank; or (ii) every co-operative bank merging to form a new co-operative bank; (c) "amalgamation" means ... operative bank whose undertaking is transferred, pursuant to a demerger, to a resulting bank; (h) "predecessor co-operative bank" means the amalgamating co-operative bank
Bank for sanction and shall, if sanctioned by the Reserve Bank by an order in writing passed in this behalf, be binding on the banking ... banking company which under the scheme of amalgamation is to acquire the business of the amalgamated banking company, subject in all cases to [the provisions
Regional Rural Bank or in the interest of the Regional Rural Banks themselves, that two or more Regional Rural Banks should be amalgamated, that Government ... such Regional Rural Banks (hereafter in this Chapter referred to as the transferor Regional Rural banks) into a single Regional Rural Bank (hereafter in this
accumulated loss" means so much of loss of the amalgamating co-operative bank or the demerged co-operative bank, as the case may be, under ... reorganisation had not taken place; (c) the expressions "amalgamated co-operative bank", "amalgamating co-operative bank", "amalgamation", "business reorganisation", "co-operative bank", "demerged co-operative
reason of the amalgamation will cease to function. (6) On the sanctioning of a scheme of amalgamation by the Reserve Bank, the property ... banking company which under the scheme of amalgamation is to acquire the business of the amalgamated banking company, subject in all cases to the terms
accumulated loss" means so much of the loss of the amalgamating banking company under the head "Profits and gains of business or profession" (not being ... amalgamating banking company which remains to be allowed and which would have been allowed to such banking company if the amalgamation had not taken place
scheme of amalgamation of any insured bank with any other banking institution (hereinafter referred to as the transferee bank) or a scheme of compromise ... depositors of the insured bank under sub-section (2) of section 16, the transferee bank where the scheme is of amalgamation and the insured bank
scheduled banks, namely, Bengal Central Bank Ltd., Comilla Banking Corporation Ltd., the Comilla Union Bank Ltd. and the Hooghly Bank Ltd. Being scheduled banks, they ... amalgamation contemplated that Comilla Banking Corporation Ltd., the Comilla Union Bank Ltd. and the Hooghly Bank Ltd. would amalgamate with the United Bank of India
