Section Section 3
of the Banking Companies (Acquisition and Transfer of Undertakings) Act; 1970 (5
section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act; 1970 (5 of 1970);
1. Subs. by Act 26 of 2006, s. 3, for "three per cent of the total of the demand and time liabilities in India of such bank as shown in the return referred to in sub-section (2)" (w.e.f 1-4-2007)_ 2 The proviso omitted by $. 3,ibid (w.e.f: 1-4-2007). 3. Subs. by Act of 1984, s. 6, for *of a week" (w.e.f. 29-3-1985). 4. Subs. by s. 6, ibid for clause (b) (W.e.f: 29-3-1985). 5 . Subs. by Act 23 of 1965, s. 6, for clause (c) (w.e.f: 1-3-1966)_ The words "or from the Development Bank omitted by Act 53 0f 2003, s. 12 and the Schedule (w.e.f: 2-7-2004) 7 . Ins. by Act 28 of 1981, s. 40 and the Second Schedule W.e.f: 1-1-1982)_ 8 Ins: by Act 62 of 1984,s. 71 and the Third Schedule (W.e.f. 20-3-1985). 9. Ins. by Act 53 of 1987, 56 and the Second Schedule (w.e.f: 9-7-1988). 10_ Subs. by Act 61 of 1981. 61 and the Second Schedule, for Agricultural Refinance and Development Corporation" (w.e.f: 12-7-1982). 11. Ins. by Act 39 of 1989, 53 and the Second Schedule (w.e.f: 7-3-1990)_ 12. Ins. by Act 17 of 2021, 47 and the Second Schedule (w.e.f: 19-4-2021) 13. The words *or from the State Bank or from any other bank notified by the Central Government in this behalf, and" omitted by Act 51 of 1974, s_ 11 (w.e.f: 13-12-1974) 14. Ins. by Act of 1984, s. 6 (w.e.f. 29-3-1985). 15. The words "required to be" omitted by Act 51 of 1974,$. 1l (W.e.f 13-12-1974). 16. Ins. by $. 1, ibid (W.e.f: 13-12-1974).
30
[(iiic)
corresponding new bank constituted by
Roop's Law Assist