Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 10 – The State Bank of India Act,1955

The State Bank of India Act,1955

Section 10. Transferability of shares

(1) Save as otherwise provided in sub-section (2), the shares of the State Bank shall be freely transferable.

(2) Nothing contained in sub-section (1) shall entitle the 1[Central Government] to transfer any shares held by it in the State Bank if such transfer will result in reducing the shares held by it to less than 2[fifty-one per cent of the issued capital consisting of equity shares] of the State Bank.

——————–

1. The Words “Reserve Bank” Subs. by Act No. 32 of 2007 w.e.f. 3-9-2007

2. Subs. by Act 27 of 2010 w.e.f. 24-8-2010.

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Your email address will not be published.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 © 2021 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