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State Bank of India Act, 1955

Sections

1 Short title and commencementView Details
10Transferability of sharesView Details
11Restriction on voting rightsView Details
12Shares to be approved securitiesView Details
13Register of share-holdersView Details
13ARegister of beneficial owners.View Details
15Trusts not to be entered on the register of share holdersView Details
16 Offices, branches and agenciesView Details
17 ManagementView Details
18 Central Board to be guided by directions of Central GovernmentView Details
19 Composition of the Central BoardView Details
2DefinitionsView Details
20 Terms of office of chairman, managing director, etc.View Details
21 Local BoardsView Details
21 Term of office of office of members of Local BoardView Details
21 Powers of Local BoardView Details
21 Local CommitteesView Details
22 Disqualifications for directorship of Central Board or membership of Local Boards or CommitteesView Details
23 Vacation of office of directors, etcView Details
24 Removal from office of directors, etcView Details
25 Casual vacanciesView Details
26 Remuneration of directorsView Details
27 Powers and remuneration of chairmanView Details
28 Powers and remuneration of vice-chairmanView Details
29 Powers and remuneration of managing directorView Details
3Establishment of the State BankView Details
30 Executive and other committees of the Central BoardView Details
31 Meetings of the Central BoardView Details
31 Meetings of the Local BoardsView Details
32State Bank to act as agent of the Reserve BankView Details
32State Bank to act as agent of the Reserve BankView Details
33Other business which the State Bank may transactView Details
34Business which the State Bank may not transactView Details
35State Bank may acquire the business of other BanksView Details
35AArrangement with the State Bank on appointment of directors to prevailView Details
36 Integration and Development FundView Details
37 Reserve FundView Details
38 Disposal of profitsView Details
39 Book to be balanced each yearView Details
4Authorized capitalView Details
40 ReturnsView Details
41 AuditView Details
42 Balance sheet, etc., of State Bank may be discussed at general meetingView Details
43State Bank may appoint officers and other employeesView Details
43ABonusView Details
44Obligation as to fidelity and secrecyView Details
45Bar to liquidation of State BankView Details
46Indemnity of directors and members of Local Boards and Local Committees, etcView Details
47Defects in appointment or constitution not to invalidate acts or proceedingsView Details
48Power to Remove DifficultiesView Details
49Power of Central Government to make rulesView Details
5Issued capitalView Details
50Power of Central Board to make regulationsView Details
51Requirements of foreign law to be complied with in certain casesView Details
52State Bank of India Act 1955View Details
53State Bank of India Act 1955View Details
54State Bank of India Act 1955View Details
55 No proceeding to lie in India against Imperial Bank after appointed dayView Details
56 References to the Imperial Bank of Bengal, etc., in other lawsView Details
57 Dissolution of Imperial Bank, etcView Details
6 Transfer of assets and liabilities of the Imperial Bank to the State BankView Details
7 Transfer of service of existing officers and employees of the Imperial Bank to the State BankView Details
8 Existing provident and other funds of the Imperial BankView Details
9 Compensation to be given to share-holders of Imperial BankView Details
TH Compensation For The Transfer Of Shares Of The Imperial Bank To The Reserve BankView Details

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