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Section 27 – State Bank of India (Amendment) Act,2010

State Bank of India (Amendment) Act,2010

Section 27. Amendment of Section 40

In Section 40 of the principal Act,

(a)in sub-section (1), for the word “December”, the word “March” shall be substituted;

(b)for sub-section (2), the following sub-section shall be substituted, namely

“(2) The balance sheet and the profit and loss account shall be signed by the chairman, managing directors and at least three other directors of the Central Board.”

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State Bank of India (Amendment) Act,2010

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