Banking Companies (Acquisition and Transfer of Undertakings) Act 1980 Bare Act PDF download

A 'Bare act' is the actual legislation passed by the Parliament of India. Generally, an act sets out the high level legal and policy principles applicable to the subject matter of the law.

Most acts are accompanied by 'subsidiary legislation' such as rules, regulations, notifications and orders; which address the actual implementation detail of the act.

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Intent or purpose of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

The Legislature of India enacted the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 on 11th July 1980, to provide for the acquisition and transfer of the undertakings of certain banking companies, having regard to their size, resources, coverage and organisation, in order to further control the heights of the economy, to meet progressively, and serve better, the needs of the development of the economy and to promote the welfare of the people, in conformity with the policy of the State towards securing the principles laid down in clauses (b) and (c) of article 39 of the Constitution and for matters connected therewith or incidental thereto.

The act is associated with the Ministry of Finance – Department of Financial Services.

Need the Hindi language version PDF of this bare act ?

All important central acts are published in both English and Hindi language versions. The official PDFs can be downloaded from the website of the Legislative Department of the Ministry of Law and Justice. The acts are arranged as per the year of their enactment.

You can browse all the sections online or download the latest official bare act PDF file of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 free of cost, from the India Code website at the link given below in this article. The link will also contain Subordinate Data like Rules, Regulations, Notifications, Orders, Circulars, Ordinances and Statutes pertaining to the act.

This document is updated as of the year 2021.

India Code is a database of all Central enactments that are in force and their subordinate legislations. The website allows users to list all the acts by Short Title, Enactment Date and Year, Ministry and Department.

A 'free text' search is also available to list all the acts that contain a specific key word or term.

As with most other Indian laws, the Banking Companies (Acquisition and Transfer of Undertakings) Act would have undergone changes and amendments over the years since it’s enactment. Ensure that you are always referring to the latest updated version of the act.

LawMint Tip : A simple search on Google will pull up several websites from where you can download PDF copies of various bare acts. Some websites have also published online versions of the complete acts.

However, in many cases, they may feature an outdated or incomplete version of the document. Always download the latest copy from the India Code website for your reference.

Official link to browse the complete act online and download the bare act PDF

Click here to go to the India Code page to download the The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980


Important Central Acts in Regional Languages

Legislative department website also features regional language versions of several important Central Acts.


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