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Section 12 – The State Bank of India Act,1955

The State Bank of India Act,1955

Section 12. Shares to be approved securities

Notwithstanding anything contained in the Acts hereinafter mentioned in this section, the shares of the State Bank shall be deemed to be included among the securities enumerated in section 20 of the Indian Trusts Act,1882 (2 of 1882), and also to be approved securities for the purposes of the Insurance Act,1938 (4 of 1938), and the Banking companies Act,1949 (10 of 1949).

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The State Bank of India Act,1955

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