Indian Bare Acts

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STATE BANK OF INDIA (AMENDMENT) ACT, 2010

Title : STATE BANK OF INDIA (AMENDMENT) ACT, 2010

Year : 2010



In section 21C of the principal Act, for sub-section (2), the following sub-section shall be substituted, namely:-

(2) The chairman or the managing director nominated by him shall be an ex office member of every such Local Committee.



In section 22 of the principal Act, in sub-section (1),-

(a) In clause (d), the word "vice-chairman" shall be omitted;

(b) For clause (h), the following clause shall be substituted, namely:-

(h) In the case of an elected director, he is not registered as a holder in his own right of unencumbered shares in the State Bank, either as sole holder or as first named holder when jointly held, of a nominal value of at least five thousand rupees:



In section 23 of the principal Act, in clause (b), the word", vice- chairman" shall be omitted.



In section 24 of the principal Act, -

(a) In sub-section (1), the word ", vice-chairman" shall be omitted;

(b) In sub-section (3), the words "after consulting the Reserve Bank," shall be omitted.
Last updated on August, 2016

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