THE STATE BANKS (REPEAL AND AMENDMENT) ACT, 2018 NO. 19 OF 2018 [2nd August, 2018.] An Act to repeal the State Bank of India (Subsidiary Banks) Act, 1959, the State Bank of Hyderabad Act, 1956 and further to amend the State Bank of India Act, 1955. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:—
CHAPTER I PRELIMINARY
1. (1) This Act may be called the State Banks (Repeal and Amendment) Act, 2018.
(2) It shall be deemed to have come into force on the 1st day of April, 2017. Short title and commencement. jftLVªh lañ Mhñ ,yñ—(,u)04@0007@2003—18 vlk/kkj.k EXTRAORDINARY Hkkx II — [k.M 1
PART II — Section 1 izkf/kdkj ls izdkf'kr PUBLISHED BY AUTHORITY lañ 31] ubZ fnYyh] c`gLifrokj] vxLr 2] 2018@Jko.k 11] 1940 ¼'kd½ No. 31] NEW DELHI, THURSDAY, AUGUST 2, 2018/SHRAVANA 11, 1940 (SAKA) bl Hkkx esa fHkUu i`"B la[;k nh tkrh gS ftlls fd ;g vyx ladyu ds :i esa j[kk tk ldsA Separate paging is given to this Part in order that it may be filed as a separate compilation. REGISTERED NO. DL—(N)04/0007/2003—18 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 2nd August, 2018/Shravana 11, 1940 (Saka) The following Act of Parliament received the assent of the President on the 2nd August, 2018, and is hereby published for general information:— Repeal and savings. 38 of 1959. 79 of 1956. 10 of 1897. 38 of 1959. 79 of 1956. Amendment of section 2.
CHAPTER II REPEAL OF THE STATE BANK OF INDIA (SUBSIDIARY BANKS) ACT, 1959 AND THE STATE BANK OF HYDERABAD ACT, 1956
2. (1) The State Bank of India (Subsidiary Banks) Act, 1959 and the State Bank of Hyderabad Act, 1956 are hereby repealed.
(2) Notwithstanding such repeal, anything done or any action taken, including any agreement entered into under the provisions of the State Bank of India (Subsidiary Banks) Act, 1959 by the State Bank of Hyderabad, the State Bank of Bikaner and Jaipur, the State Bank of Mysore, the State Bank of Patiala and the State Bank of Travancore, or under the provisions of the State Bank of Hyderabad Act, 1956 by the State Bank of Hyderabad, shall continue to be in force and have effect as if this Act has not been enacted.
(3) The mention of particulars in sub-section (2) shall not be held to prejudice or affect the general application of section 6 of the General Clauses Act, 1897, with regard to the effect of repeal.
CHAPTER III AMENDMENTS TO THE STATE BANK OF INDIA ACT, 1955
3. In section 2 of the State Bank of India Act, 1955 (hereinafter in this Chapter referred to as the principal Act), clause (h) shall be omitted.
4. In section 18 of the principal Act, in sub-section (1), the words “including those relating to a subsidiary bank” shall be omitted.
5. In section 31 of the principal Act, in sub-section (3), in the proviso, in clause (ii), the words “or a director of a subsidiary bank” shall be omitted.
6. In section 31A of the principal Act, in sub-section (3), in the proviso, in clause (ii), the words “or a director of a subsidiary bank” shall be omitted.
7. In section 32 of the principal Act,—
(a) in sub-section (1), the words “or where there is a branch of a subsidiary bank” shall be omitted;
(b) in sub-section (4), the words “or through a subsidiary bank” shall be omitted.
8. In section 36 of the principal Act, in sub-section (2), clause (aa) shall be omitted. Amendment of section 18. Amendment of section 31. Amendment of section
31A. Amendment of section 32. Amendment of section 36. 23 of 1955. MGIPMRND—1321GI(S3)—02-08-2018. UPLOADED BY THE MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, NEW DELHI–110002 AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI–110054. ———— DR. G. NARAYANA RAJU, Secretary to the Govt. of India. 2 THE GAZETTE OF INDIA EXTRAORDINARY [PART II— SEC. 1] 2018-08-02T22:17:52+0530 MANOJ KUMAR