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Section 32 – State Bank of India (Amendment) Act,2010

State Bank of India (Amendment) Act,2010

Section 32. Amendment of Section 50

In Section 50 of the principal Act, in sub-section (2),-

(i)after clause (a), the following clauses shall be inserted, namely

“(ad) the procedure for increasing issued capital by the issue of equity or preference shares under sub-section (2) and the manner of accepting money for issued capital, forfeiture and re-issue of shares under sub-section (5), of Section 5;

(ab) the manner of nominating an individual by one individual under sub¬section (1), the manner of nominating an individual by the joint holders under sub-section (2), the manner of varying or cancellation of nomination under sub¬section (3), and the manner of nominating a minor under sub-section (4), of Section 10-A;”;

(ii)in clause (Jb), for the words “floppies or diskettes”, the words “floppies or diskettes or any other electronic form” shall be substituted.

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State Bank of India (Amendment) Act,2010

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