Bare ActsThe State Bank of India Act, 1955

Section 12

Shares to be approved securities.

Amendment status not verified — confirm the current text below against the official source.

Notwithstanding anything contained in the Acts hereinafter mentioned in this section, the shares of the State Bank shall be deemed to be included among the securities enumerated in section 20 of the Indian Trusts Act, 1882 (2 of 1882), and also to be approved securities for the purposes of the Insurance Act, 1938 (4 of 1938), and the 1 [Banking Regulations Act, 1949 (10 of 1949)].

Amended up to 2018-11-19View on India Code →
Section 12 – The State Bank of India Act, 1955 | DailyLaw.ai