In force
The State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 1982
20 sections · As amended up to 2026-08
Sections
- 1Short title and commencement
- 2Definitions
- 3Vesting in the Central Government of certain shares of Sikkim
- 4Vesting of undertaking of Sikkim Bank
- 5General effect of vesting
- 6Vesting of the shares and undertakings of Sikkim Bank in the State Government
- 7Power of State Government to direct vesting of the undertakings of Sikkim Bank the Sikkim Co-operative bank
- 8Payment of amounts
- 9Management, etc., of the undertakings of Sikkim Bank
- 10Date of delivery, possession of property acquired and documents relating thereto
- 11Transfer of service of existing officers and employees of the Sikkim Bank to the co-operative bank
- 12Act to have overriding effect
- 13Protection of action taken in good faith
- 14Penalties
- 15Offences by companies
- 16Delegation of powers
- 17Power of Central Government to make rules
- 18Power to remove difficulties
- 19References to Sikkim Bank in other laws
- 20Dissolution of Sikkim Bank