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 [Banking Regulations Act, 1949 (10 of 1949)].
Section 12: Shares to be approved securities.
The State Bank of India Act, 1955Central Act · Act 23 of 1955
Where this provision sits
| Act | The State Bank of India Act, 1955 |
|---|---|
| Section | 12 |
| Marginal note | Shares to be approved securities. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted, Act 3 of 1994. . Subs. by Act 3 of 1994, s. 4, for "Banking Companies, 1949" (w.e.f. 15-10-1993).
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