Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 1 – The State Bank of India Act,1955

The State Bank of India Act,1955

Section 1. Short title and commencement

ACT NO.23 OF 1955

[8th May,1955]

An Act to constitute a State Bank for India, to transfer to it the undertaking of the Imperial Bank of India and to provide for other matters connected therewith or incidental thereto.

Whereas for the extension of banking facilities on a large scale, more particularly in the rural and semi-urban areas, and for diverse other public purposes it is expedient to constitute a State Bank for India, and to transfer to it the undertaking of the Imperial Bank of India and to provide for other matters connected therewith or incidental thereto;

BE it enacted by Parliament in the Sixth Year of the Republic of India as follows:-

(1) This Act may be called the State Bank of India Act,1955.

(2) It shall come into force on such date1 as the Central Government may, by notification in the Official Gazette, appoint.

——————–

1. 1st July,1955, Vide Notification No.S.R.O.1077, dated the 14th May,1955, Gazete of India, Pt.II, Sec.3, Page 869.

Previous | Next

The State Bank of India Act,1955

Indian Laws – Bare Acts

MyNation

Leave a Reply

Your email address will not be published.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

Copyright © 2020 Laws and Bare Acts of India at MyNation.net
×

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