State Bank of India Act, 1955 Section 12 - Bare Act

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 the¹[Banking Regulation Act, 1949] (10 of 1949).

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1. Substituted by Act No. 3 of 1994, Section 4 for "Banking Companies Act, 1949" (w.e.f. 15th October, 1993).