State Bank of India Act, 1955

as amended by
The Banking Laws (Amendment) Act, 2012 (4 of 2013)
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Contents
The State Bank of India Act, 1955
Amendment to the State Bank of India Act, 1955 (23 of 1955) by the Banking Laws 
(Amendment) Act, 2012 (4 of 2013)
Chapter I : Preliminary
1.     Short title and commencement
2.     Definitions
Chapter II : 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.     Transfer 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
10A. Right of registered shareholders to nominate
11.   Restrictions 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    [Repealed]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 the 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
19A. Qualifications for election of directors elected by shareholders  
19B. Power of Reserve Bank to appoint additional directors
20.   Term of office of chairman, managing director, etc.
21.    Local Boards
21A. Term of office of members of Local Board
2IB.  Power of Local Board
21C. Local Committees
22.    Disqualifications for directorship of Central Board or membership of Local
         Board or Committees
23.    Vacation of office of directors, etc.
24.    Removal from office of directors, etc.
24A.  Supersession of Central Board in certain cases
25.    Casual vacancies
26.    Remuneration of directors
27.    Powers and remuneration of chairman
28.    [Repealed]
29.    Powers and remuneration of managing director
30.    Executive and other committees of the Central Board
31.    Meetings of the Central Board
31A.  Meetings of Local Boards
Chapter : VI Business of the State Bank
32.    State Bank to act as agent of the Reserve Bank
33.    Other business which the State Bank may transact
34.    Business which the State Bank may not transact
35.    State Bank may acquire the business of other bank
35A. Arrangement with the State Bank on appointment of directors to prevail
Chapter VII : Funds, Accounts and Audit
36.    Integration and Development Fund
37.    Reserve Fund
38.    Disposal of profits
38A. Transfer of unpaid or unclaimed dividend
39.    Books to be balanced each year
40.    Returns
41.    Audit
42.    Balance sheet, etc., of State Bank may be discussed at general meeting
Chapter VIII : Miscellaneous
43.    State Bank may appoint officers and other employees
43A.  Bonus
44.    Obligation as to fidelity and secrecy
45.    Bar to liquidation of State Bank
46.    Indemnity of directors and members of Local Boards and Local Committees, etc.
47.    Defects in appointment or constitution not to invalidate acts or proceedings
48.    [Repealed]
49.    Power of Central Government to make rules
50.    Power of Central Board to make regulations
51.    Requirements of foreign law to be complied within certain cases
52.    [Repealed]
53.    [Repealed]
54.    [Repealed]
55.    No proceeding to lie in India against Imperial Bank after appointed day
56.    References to the Imperial Bank, the Bank of Bengal, etc., in other laws
57.    Dissolution of Imperial Bank, etc.
The First Schedule.—Compensation For the Transfer of shares of the Imperial Bank
                                      to The Reserve Bank
The Second Schedule.—Declaration of Fidelity and  Secrecy
The Third   Schedule— [Repealed]
The Fourth   Schedule.—[Repealed]
The Fifth   Schedule.—[Repealed]
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