State Bank of India Act, 1955

	Section Title
	INTRODUCTION
	Statement of Object
1	Short title and commencement	View Judgements
2	Definitions	View Judgements
3	Establishment of the State Bank	View Judgements
4	Authorised capital	View Judgements
5	Issued capital	View Judgements
6	Transfer of assets and liabilities of the Imperial Bank to the State Bank	View Judgements
7	Transfer of service of existing officers and employees of the Imperial Bank to the State Bank	View Judgements
8	Existing provident and other fund of the Imperial Bank	View Judgements

9	Compensation to be given to shareholders of Imperial Bank	View Judgements
10	Transferability of shares	View Judgements
11	1 Restrictions on voting rights	View Judgements
12	Shares to be approved securities	View Judgements
13	1 Register of shareholders	View Judgements
13A	1 Register of beneficial owners	View Judgements
14	[Omitted]	View Judgements
15	1 Trusts not to be entered on the register of shareholders	View Judgements
16	Offices, branches and agencies	View Judgements
17	Management	View Judgements

18	Central Board to be guided by directions of Central Government	View Judgements
19	Composition of the Central Board	View Judgements
20	Term of office of chairman, making director etc	View Judgements
21	1 Local Boards	View Judgements
21A	1 Term of office of members of Local Board	View Judgements
21B	1 Power of Local Board	View Judgements
21C	1 Local Committees	View Judgements
22	Disqualifications for directorship of Central Board or membership of Local Board or Committees	View Judgements
23	Vacation of office of directors, etc	View Judgements
24	Removal from office of directors, etc	View Judgements

25	Casual vacancies	View Judgements
26	Remuneration of directors	View Judgements
27	Power and remuneration of chairman	View Judgements
28	Power and remuneration of vice-chairman	View Judgements
29	Powers and remuneration of managing director	View Judgements
30	Executive and other committees of the Central Board	View Judgements
31	Meetings of the Central Board	View Judgements
31A	1 Meetings of Local Boards	View Judgements
32	State Bank to Act as agent of the Reserve Bank	View Judgements
33	1 Other business which the State Bank may transact	View Judgements

34	Business which the State Bank may not transact	View Judgements
35	State Bank may acquire the business of other Bank	View Judgements
35A	1 Arrangement with the State Bank an appointment of directors to prevail	View Judgements
36	Integration and Development Fund	View Judgements
37	Reserve Fund	View Judgements
38	Disposal of profits	View Judgements
39	Books to be balanced each year	View Judgements
40	Returns	View Judgements
41	Audit	View Judgements
42	Balance sheet, etc., of State Bank may be discussed at general meeting	View Judgements

43	State Bank may appoint officers and other employees	View Judgements
43A	1 Bonus	View Judgements
44	Obligation as to fidelity and secrecy	View Judgements
45	Bar to liquidation of State Bank	View Judgements
46	Indemnity of directors and members of Local Boards and Local Committees, etc .-	View Judgements
47	Defects in appointment or constitution not to invalidate acts or proceedings	View Judgements
48	Power to remove difficulties	View Judgements
49	Power of Central Government to make rules	View Judgements
50	Power of Central Board to make regulations	View Judgements
51	1 Requirements of foreign law to be complied within certain cases	View Judgements

52	Amendment of Act 2 of 1934	View Judgements
53	Amendment of Act 10 of 1949	View Judgements
54	1 Amendment of Act 47 of 1920	View Judgements
55	No proceeding to lie in India against Imperial Bank after appointed day	View Judgements
56	References to the Imperial Bank, the Bank of Bengal, etc., in other laws	View Judgements
57	Dissolution of Imperial Bank, etc	View Judgements
	SCHEDULE I
	SCHEDULE II
	SCHEDULE III
	SCHEDULE IV

	SCHEDULE V

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State Bank of India Act, 1955