In section 18 of the State Bank of India (Subsidiary Banks) Act, in sub-section (2), for the words "fifty-five per cent, of the issued capital", the words "fifty-one per cent. of the issued capital consisting of equity shares" shall be substituted.
State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Section 8 - Bare Act |
| State | Central Government |
| Year | 2007 |
| Section Title | Amendment of Section 18 |
In section 18 of the State Bank of India (Subsidiary Banks) Act, in sub-section (2), for the words "fifty-five per cent, of the issued capital", the words "fifty-one per cent. of the issued capital consisting of equity shares" shall be substituted.