000			00340nam a2200121Ia 4500
999			_c157710 _d157710
040			_cCUS
082			_a343.54 _bUNI/S
245		4	_aThe State Bank of India Act,1955 (Bare Act)/ _cUniversal Law Publishing
260			_aNew Delhi: _bUniversal Law Publishing, _c2010.
300			_aiii, 35 p.
505			_aTHE STATE BANK OF INDIA ACT, 195^ Introduction CHAPTER I PRELIMINARY Sectioiis 1. Short title and commencement 2. Definitions CHAPTER n ■ INCORPORATION AND SHARE CAPITAL OF STATE BANK 3. Establishment of the State Bank 4. Authorised capital 5. Issued capital CHAPTER III TRANSFER OF UNDERTAKING OF THE IMPERIAL BANK TO STATE BANK 6. Transfer of assets and liabilities of the Imperial Bank to the State Bank 7. Trarwfer of service of existing officers and employees of the Imperial Bank to the State Bank 8. Existing provident and other fund of the Imperial Bank 9. Compensation to be given to shareholders of Imperial Bank CHAPTER IV ^ SHARES 10. Transferability of shares 11. Restrictiorw on voting rights 12. Shares to be approved securities 13. Register of shareholders 13A. Register of beneficial owners 14. [Repealed] 15. Trusts not to be entered on tlie register of shareholders CHAPTER V MANAGEMENT 16. Offices, branches and agencies 17. Management 18. Central Board to be guided by directions of Central Government 19. Composition of the Central Board 20. Term of office of chairman, managing director, etc. 21. Local Boards • 21A. Term of office of members of Local Board 21B. Power of Local Board 21C. Local Committees . Disqualifications for directorship of Central Board or membership of Local Board or Committees Vacation of office of directors, etc. Removal from office of directors, etc. Casual vacancies / Remuneration of directors Powers and remuneration of chairman Powers and remuneration of vice-chairman Powers and remuneration of managing director Executive and other corrunittees of the Central Board Meetings of the Central Board Meetings of Local Boards CHAPTER VI BUSINESS OF THE STATE BANK State Bank to Act as agent of the Reserve Bank Other business which the State Battk may trarrsact Business which the State Bank may not transact State Bairk may acquire the business of other Bank Arrangement with the State Bar\k on appointment of directors to prevail CHAPTER VII FUNDS, ACCOUNTS AND AUDIT Integration and Development Fund Reserve Fund Disposal of profits Books to be balanced each year Retiuns Audit Balance sheet, etc., of State Bank may be discussed at general meeting , CHAPTER VIII MISCELLANEOUS State Bank may apf)oint officers and other employees Bonus Obligation as to fidelity and secrecy Bar to liquidation of State Bank Indemnity of directors and members of Local Boards and Local Committees, etc. Defects in appointment or constitution not to invalidate acts or proceedings IRepealed] Power of Central Government to make rules Power of Central Board to make regulations Requirements of foreign law to be complied within certain [Repealed] Sections 53. [Repealed] 33 54. [Repealed] 34 55. No proceeding to lie in India against Imperial Bank after appointed day 34 56. References to the Imperial Bank, the Bank of Bengal, etc., in other laws 34 57. Dissolution of Imperial Bank, etc. 34 THE FIRST SCHEDULE.—Compensation for the Transfer of shares of the Imperial Baiik to the Reserve Bank . . . 34 THE SECOND SCHEDULE.—Declaration of Fidelity and Secrecy . . . 35 THE THIRD SCHEDULE.—[Repealed] 35 THE FOURTH SCHEDULE.—[Repealed] 35 THE FIFTH SCHEDULE.—[Repealed]
650			_aBare Act
710			_aUniversal Law Publishing
942			_cLW23