Section 26: Remuneration of directors.

The State Bank of India Act, 1955Central Act · Act 23 of 1955

(1) Without prejudice to the provisions contained in sections 27, 28 and 29, the directors shall be paid such fees and allowances for attending the meetings of the Central Board or of any of its Committees and for attending to any other work of the State Bank as may be prescribed.

(2) Notwithstanding anything contained in sub-section (1), no fees shall be payable to a managing director or any other director who is an officer of the Central Government or the Reserve Bank.

Where this provision sits

Act	The State Bank of India Act, 1955
Section	26
Marginal note	Remuneration of directors.
Jurisdiction	Central
Status	In force as published by the source

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