Section 14, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 [S1R-DVY]
As at 7 September 2026. In force from 10 November 1982 by S.O. 1986(E) [N12-1SR].
14. Appeal.—(1) Any person aggrieved by an order of the Controller under this Act may, within one hundred and twenty 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, 1980 [S1RDFK] (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 (2)
Section 17, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 [S1R-DYM], 3 June 1980, Band A. "section 14".
Section 2, Banking Companies (Acquisition and Transfer of Undertakings) Act (Amendment) Act, 2016 [S27-B27], 8 January 2016, Band A. "section 14 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980)".
Not held (0)
none
Duties published under this section (0)
none