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Section 4: Authorised capital.

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

[4. Authorised capital.--Subject to the provisions of this Act, the authorised capital of the State Bank shall be five thousand crores of rupees divided into five hundred crores of fully paid-up shares often rupees each:

Provided that the Central Board may reduce the nominal or face value of the shares, and divide the authorised capital into such denomination as it may decide with the approval of the Reserve Bank:

Provided further that the Central Government may, in consultation with the Reserve Bank, increase or reduce the authorised capital so however that the shares in all cases shall be fully paid-up shares.]

Where this provision sits

ActThe State Bank of India Act, 1955
Section4
Marginal noteAuthorised capital.
JurisdictionCentral
StatusIn 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 27 of 2010. . Subs. by Act 27 of 2010, s. 3, for section 4 (w.e.f. 15-9-2010).

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