Section 39: Books to be balanced each year.

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

The Central Board shall cause the books of the State Bank to be closed, and balanced [as] on the 31st day of [March] [or such other date in each year as the Central Government may, by notification in the Official Gazette, specify:]

[Provided that with a view to facilitating the transition from one period of accounting to another period of accounting under this section, the Central Government may, by order published in the Official Gazette, make such provisions as it considers necessary or expedient for the closing and balancing of, or for other matters relating to, the books in respect of the concerned years.]

Where this provision sits

Act	The State Bank of India Act, 1955
Section	39
Marginal note	Books to be balanced each year.
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.

inserted, Act 48 of 1973. . Ins. by Act 48 of 1973, s. 14 (w.e.f. 31-12-1973).
substituted, Act 27 of 2010. . Subs. by Act 27 of 2010, s. 26, for “December” (w.e.f. 15-9-2010).
substituted, Act 66 of 1988. . Subs. by Act 66 of 1988, s. 14, for “in each year” (w.e.f. 30-12-1988).
inserted. . The proviso ins. by s. 14, ibid. (w.e.f. 30-12-1988).

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