The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

Administered Ministry: Ministry of Finance / Department of Financial Services

3 schedules
Schedule
First Schedule THE FIRST SCHEDULE
THE FIRST SCHEDULE

(See sections 2, 3 and 4)

Existing bank Corresponding new bank

Column 1 Column 2

The Central Bank of India Limited                      Central Bank of India.

The Bank of India Limited                      Bank of India.

The Punjab National Bank Limited                      Punjab National Bank

The Bank of Baroda Limited Bank of Baorda.

The United Commercial Bank Limited
1[UCO Bank.]

Canara Bank Limited Canara Bank.

United Bank of India Limited United Bank of India.

Dena Bank Limited Dena Bank.

Syndicate Bank Limited Syndicate Bank.

The Union Bank of India Limited Union Bank of India

Allahabad Bank Limited Allahabad Bank

Existing bank Corresponding new bank

The Indian Bank Limited Indian Bank.

The Bank of Maharashtra Limited Bank of Maharashtra.

The Indian Overseas Bank Limited Indian Overseas Bank.

1. Subs. by Act 81 of 1985, s. 10, for “United Commercial Bank” (w.e.f. 30-12-1985).
Second Schedule THE SECOND SCHEDULE.
THE SECOND SCHEDULE

(See section 6)

Name of existing bank Amount of compensation

(in lakhs of rupees)

The Central Bank of India Limited.. 1750

The Bank of India Limited.. 1470

The Punjab National Bank Limited .. 1020

The Bank of Baroda Limited .. 840

The United Commercial Bank Limited .. 830

Canara Bank Limited .. 360

United Bank of India Limited .. 420

Dena Bank Limited .. 360

Syndicate Bank Limited .. 360

The Union Bank of India Limited .. 310

Allahabad Bank Limited .. 310

The Indian Bank Limited .. 230

The Bank of Maharashtra Limited .. 230

The Indian Overseas Bank Limited .. 250
Third Schedule THE THIRD SCHEDULE
THE THIRD SCHEDULE

[See sub-sections (2) and (3) of section 13]

DECLARATION OF FIDELITY AND SECRECY

I, ----------- , do hereby declare that I will faithfully, truly and to the best of my skill and ability execute

and perform the duties required of me as Custodian, Director, member of Local Board, member of Local

Committee, auditor, adviser, officer or other employee (as the case may be) of the *

and which properly relate to the office or position in the said*

held by me.

I further declare that I will not communicate or allow to be communicated to any person not legally

entitled thereto any information relating to the affairs of the *

or     to     the     affairs     of      any     person      having      any     dealing     with      the*     ;nor      will

I allow any such person to inspect or have access to any books or documents belonging to or  in

possession of the*

and relating to the business of the*

or to the business of any person having any dealing with the*

* Name of corresponding new bank to be filled in.