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Section 23 – The State Bank of India Act,1955

The State Bank of India Act,1955

Section 23. Vacation of office of directors, etc

If a director of the Central Board or a member of a Local Board or a Local Committee-

(a) Becomes subject to any of the disqualifications mentioned in section 22; or

(b) Resigns his office by giving notice in writing under his hand, in the case of the chairman and 1[***], to the Central Government and in the case of other directors or members of Local Boards or Committees, to the Central Board, and the resignation is accepted; or

(c) Is absent without leave of the Central Board, the Local Board or the Local Committee of which he is a director or member, as the case may be, for more than three consecutive meetings thereof;

His seat shall thereupon become vacant.

——————–

1. Omitted by Act 27 of 2010 w.e.f. 24-8-2010.

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The State Bank of India Act,1955

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