Examples of Transferor Banks in a sentence
Undertaking of Transferor Banks to vest in the Transferee Bank.− On the commencement of this Scheme, the undertakings of the Transferor Banks shall be transferred to and shall vest in the Transferee Bank.
Amalgamation of the Transferor Banks with the Transferee Bank is proposed to be completed in a time bound manner.
The Independent Valuers shall issue joint valuation report proposing the Share Exchange Ratio ( Joint Valuation Report) for each of the Transferor Banks.
The Independent Valuers shall issue joint valuation report proposing the share exchange ratio (Joint Valuation Report) for each of the Transferor Banks.
The Board of the Transferee Bank may, as soon as may be after the commencement of this Scheme, determine the placement of the employeesof the Transferor Banks including the determination of their inter-se seniority vis-à-vis the employees of the Transferee Bank.
The Board of the Transferee Bank may, as soon as may be after the commencement of this Scheme, in consultation with Reserve Bank of India, determine the placement of the employees of the Transferor Banks including the determination of their inter-se seniority vis- à-vis the employees of the Transferee Bank.
The shareholders of the Transferee Bank and Transferor Banks shall be entitled to raise their grievances, if any, in relation to the Share Exchange Ratio.
The equity shares to be issued by the Transferee Bank pursuant to sub-paragraph (1) in respect of such equity shares of the Transferor Banks, the allotment or transfer of which is held in abeyance under applicable law shall, pending allotment or settlement of dispute by order of the appropriate court or otherwise, also be kept in abeyance in like manner by the Transferee Bank.
Other aspects, if any, which is not specifically provided for in the Scheme of Amalgamation shall be referred to RCS/Government/RBI for appropriate actions/decisions and the decision of RCS/Government/RBI shall be final and binding on all the Transferor Banks and the Transferee Bank.
Such resignation shall take effect at the time specified therein, or if no time is specified, at the time of its receipt by the Chair or the Secretary.