Section 47, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 [S1M-B3W]

As at 7 September 2026. In force from 7 October 1970.

In Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 [A10-N9V]. This text from 7 October 1970. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 47, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 [S1M-B3W]. Machine: S1M-B3W.

47. Appeal.—(1) Any person aggrieved by an order of the Controller under this Act may, within sixty days from the date on which the order is communicated to him, prefer an appeal to the Central Government in such form and accompanied by such fee as may be prescribed. (2) The appellate authority may, after giving the appellant an opportunity of being heard, confirm, modify or set aside the order appealed against. (3) No appeal shall lie under this section against an order made with the consent of the parties.

Defined terms in this text (1)

prescribed: Section 2, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 [S1M9PV] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act

prescribed: 996 more definitions.

Made under this section, or naming it (0)

none

Cited by (1)

Section 50, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 [S1M-B6P], 7 October 1970, Band A. "section 47".

Not held (0)

none

Duties published under this section (0)

none