Legal glossary
“corresponding new bank”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Banking Regulation Act, 1949 · s. 5
(da) "corresponding new bank" means a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980);] under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 9* * * * *
Read section 5