TMI BlogSubstitution of new section for section 72AA.X X X X Extracts X X X X X X X X Extracts X X X X ..... nking institution under a scheme sanctioned and brought into force by the Central Government under sub-section ( 7 ) of section 45 of the Banking Regulation Act, 1949; (10 of 1949.) or ( ii ) one or more corresponding new bank or banks with any other corresponding new bank under a scheme brought into force by the Central Government under section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) or under section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980) or both, as the case may be; or (iii ) one or more Government company or comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if the amalgamation had not taken place; (ii ) banking company shall have the meaning assigned to it in clause (c ) of section 5 of the Banking Regulation Act, 1949; (10 of 1949) (iii ) banking institution shall have the meaning assigned to it in sub-section (15 ) of section 45 of the Banking Regulation Act, 1949; (10 of 1949) (iv ) corresponding new bank shall have the meaning assigned to it in clause (d ) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) or, as the case may be, clause (b ) of section (2 ) of the Banking Companies (Acquisitio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tanding anything contained in sub-clauses (i) to (iii) of clause (1B) of section 2 or section 72A, where there is an amalgamation of (i) one or more banking company or companies with a banking institution under a scheme sanctioned and brought into force by the Central Government under sub-section (7) of section 45 of the Banking Regulation Act, 1949; or (ii) one or more corresponding new bank or banks with any other corresponding new bank under a scheme brought into force by the Central Government under section 9 of the Banking Companies (Acquisition and Transfer of Undertaking Act, 1970 or under section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980; or (iii) one or more Government company or com ..... X X X X Extracts X X X X X X X X Extracts X X X X
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