Laws and Bare Acts of India at

MyNation Foundation Online Law Library

The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956




1 Short title and commencement
2 Definitions
3 Change of name of Hyderabad State Bank
4 Head Office and branches of Hyderabad Bank
5 Transfer of share capital of Hyderabad State Bank to Reserve Bank
6 Compensation to share-holders of Hyderabad State Bank
7 Certain officers of the Hyderabad State Bank to vacate office
8 Special provisions regarding existing officers and employees
9 Authorised capital
10 Issued capital
11 Management
12 Composition of Board of Directors
13 Term of office of directors
14 Disqualification for directorship
15 Vacation of office of directors
16 Chairman of the Board of Directors
17 Managing director
18 Remuneration of directors
19 Removal from office of director
20 Appointment of another person for discharging the duties of the managing director during his absence
21 Casual vacancies among directors
22 Meetings of the Board of Directors
23 Executive Committee of Board of Directors
24 Hyderabad Bank to set as agent of the Reserve Bank
25 Other business which the Hyderabad Bank may transact
26 Acquisition of business of other banks
27 Reserve Fund
28 Disposal of profits
29 Closing of annual accounts
30 Audit
31 Returns to be furnished by the Hyderabad Bank
32 Right of Reserve Bank to seek relief in respect of certain transactions
33 Staff of the Hyderabad Bank
34 Cost of development program
35 Obligation as to fidelity and secrecy
36 Bar to liquidation of the Hyderabad Bank
37 Indemnity of directors
38 Defects in the appointment or constitution not to invalidate acts or proceedings
39 Exercise of powers and functions on behalf of the Reserve Bank
40 Protection of action taken under this Act
41 Power Central Government to make rules
42 Power of the Reserve Bank to make Regulations
43 Amendment of certain enactments
44 References to Hyderabad State Bank in other laws
45 Saving
46 Repeal and saving
Schedule 1
Schedule 2

Indian Laws – Bare Acts


Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2022 Laws and Bare Acts of India at

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation