Section 27: Powers and remuneration of chairman.

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

(1) The Chairman shall preside at all meetings of the Central Board and subject to such general or special directions as the Central Board may give, exercise all such powers and do all such acts and things as may be exercised or done by the State Bank.

(2) The chairman shall receive such salary, fees, allowances and perquisites [as may be determined by the Central Government].

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Where this provision sits

Act	The State Bank of India Act, 1955
Section	27
Marginal note	Powers and remuneration of chairman.
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 73 of 1976. . Subs. by Act 73 of 1976, s. 4, for certain words (w.e.f. 11-6-1976).
omitted. . The proviso omitted by s. 4, ibid. (w.e.f. 11-6-1976).

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