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State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011, (Central) Complete Act

Title: the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011

State: Central

Year: 2011

Preamble - THE STATE BANK OF INDIA (SUBSIDIARY BANKS LAWS) AMENDMENT ACT, 2011 Chapter I - PRELIMINARY Section 1 - Short title and commencement Chapter II - AMENDMENTS TO THE STATE BANK OF HYDERABAD ACT, 1956 Section 2 - Amendment of section 9 Section 3 - Amendment of section 10 Chapter III - AMENDMENTS TO THE STATE BANK OF INDIA (SUBSIDIARY BANKS) ACT, 1959 Section 4 - Amendment of section 6 Section 5 - Amendment of section 7 Section 6 - Amendment of section 25 Section 7 - Amendment of section 29 Section 8 - Amendment of section 31 Section 9 - Amendment of section 35A Section 10 - Substitution of new section for section 63

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State Bank of India (Subsidiary Banks) Amendment Act, 2011, (Central) Complete Act

Title: the State Bank of India (Subsidiary Banks) Amendment Act, 2011

State: Central

Year: 2011

Preamble - THE STATE BANK OF INDIA (SUBSIDIARY BANKS) AMENDMENT ACT, 2011 Section 1 - Short title and commencement Section 2 - Amendment of section 2 Section 3 - Amendment of section 3

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State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011, (Central) Preamble

Title: the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011

State: Central

Year: 2011

THE STATE BANK OF INDIA (SUBSIDIARY BANKS LAWS) AMENDMENT ACT, 2011 [Act No. 17 of 2011] [12th October, 2011] PREAMBLE An Act further to amend the State Bank of Hyderabad Act, 1956 and the State Bank of India (Subsidiary Banks) Act, 1959. Be it enacted by Parliament in the Sixty-second Year of the Republic of India as follows:--

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State Bank of India (Subsidiary Banks) Amendment Act, 2011, (Central) Preamble

Title: the State Bank of India (Subsidiary Banks) Amendment Act, 2011

State: Central

Year: 2011

THE STATE BANK OF INDIA (SUBSIDIARY BANKS) AMENDMENT ACT, 2011 [Act No. 7 of 2011] [1st April, 2011] PREAMBLE An Act further to amend the State Bank of India (Subsidiary Banks) Act, 1959. Be it enacted by Parliament in the Sixty-second Year of the Republic of India as follows:--

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State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011, (Central) Chapter II

Title: Amendments to the State Bank of Hyderabad Act, 1956

State: Central

Year: 2011

Chapter II AMENDMENTS TO THE STATE BANK OF HYDERABAD ACT, 1956

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State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011, (Central) Chapter III

Title: Amendments to the State Bank of India (Subsidiary Banks) Act, 1959

State: Central

Year: 2011

Chapter III AMENDMENTS TO THE STATE BANK OF INDIA (SUBSIDIARY BANKS) ACT, 1959

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State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011, (Central) Section 3

Title: Amendment of Section 10

State: Central

Year: 2011

In section 10 of the State Bank of Hyderabad Act,-- (a) in sub-section (IA), for the words "with the approval of the Reserve Bank", the words "in consultation with the Reserve Bank and with the approval of the Central Government" shall be substituted; (b) in sub-section (3),-- (i) for the words "with the approval of the State Bank and the Reserve Bank", the words "with the approval of the State Bank and the Central Government in consultation with the Reserve Bank" shall be substituted; (ii) for the words "public issue", the words "public issue or rights issue" shall be substituted; (c) in sub-section (3B),-- (i) for the words "with the approval of the State Bank and the Reserve Bank", the words "with the approval of the State Bank and the Central Government in consultation with the Reserve Bank" shall be substituted; (ii) for the words "with the approval of the Reserve Bank", the words "in consultation with the Reserve Bank and with the approval of the Central Government" shall be substituted.

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State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011, (Central) Section 5

Title: Amendment of Section 7

State: Central

Year: 2011

In section 7 of the principal Act,-- (a) in sub-section (1A), for the words "with the approval of the Reserve Bank", the words "in consultation with the Reserve Bank and with the approval of the Central Government" shall be substituted; (b) in sub-section (4),-- (i) for the words "with the approval of the State Bank and the Reserve Bank", the words "with the approval of the State Bank and the Central Government in consultation with the Reserve Bank" shall be substituted; (ii) for the words "public issue", the words "public issue or rights issue" shall be substituted; (c) in sub-section (6),-- (i) for the words "with the approval of the State Bank and the Reserve Bank", the words "with the approval of the State Bank and the Central Government in consultation with the Reserve Bank" shall be substituted; (ii) for the words "with the approval of the Reserve Bank", the words "in consultation with the Reserve Bank and with the approval of the Central Government' shall be substituted.

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State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011, (Central) Section 10

Title: Substitution of New Section for Section 63

State: Central

Year: 2011

.....Bank and with the previous approval of the Central Government, by notification in the official Gazette, make regulations not inconsistent with this Act and the rules made thereunder, to provide for all matters for which provision is necessary or expedient for the purpose of giving effect to the provisions of this Act or any other law for the time being in force. (2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for-- (a) the powers and duties of the managing director of the subsidiary bank; (b) the fees and allowances which may be paid to directors or others for attending any meetings of the Board of Directors or of its committees (including the executive committee) or other committees or for attending to any other work of the subsidiary bank; (c) the time and place at which, and the manner in which the business of the Board of Directors of the subsidiary bank shall be transacted and the procedure to be followed at the meetings thereof; (d) the constitution of the executive committee of the subsidiary bank and the conditions and limitations subject to which the executive committee may exercise its powers and.....

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State Bank of India (Subsidiary Banks Laws) Amendment Act, 2011, (Central) Section 2

Title: Amendment of Section 9

State: Central

Year: 2011

In sub-section (4) of section 9 of the State Bank of Hyderabad Act, 1956 (79 of 1956) (hereafter in this Chapter referred to as the State Bank of Hyderabad Act), for the words "with the approval of the Reserve Bank", the words "in consultation with the Reserve Bank and with the approval of the Central Government" shall be substituted.

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