State Bank of India (Subsidiary Banks Laws) Amendment Act,2007
Section 21. Amendment of Section 43
In Section 43 of the State Bank of India (Subsidiary Banks) Act,-
(a) in sub-section (1), in clause (a), for the word “December”, the word “March” shall be substituted;
(b) for sub-section (2), the following sub-section shall be substituted, namely:-
“(2) The balance-sheet and profit and loss account of the subsidiary bank shall be signed by persons holding the office of the Chairman, Managing Director, and a majority of the other directors of the subsidiary bank in office.”
State Bank of India (Subsidiary Banks Laws) Amendment Act,2007