The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
Administered Ministry: Ministry of Finance / Department of Financial Services
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.