Home›The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980›Chapter IIChapter IITRANSFER OF THE UNDERTAKINGS OF EXISTING BANKS AND SHARE CAPITALS OF THE CORRESPONDING NEW BANKSSections in this chapterSection 3 — Establishment of corresponding new banks and business thereof.Section 3A — Trust not to be entered on the register.Section 3B — Register of beneficial owners.Section 4 — Undertakings of existing banks to vest in corresponding new banks.Section 5 — General effect of vesting.