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Start Free TrialState Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Complete Act
Title: State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007
State: Central
Year: 2007
Preamble1 - STATE BANK OF INDIA (SUBSIDIARY BANKS LAWS) AMENDMENT ACT, 2007 Chapter I Section1 - Short title and commencement Chapter II Section2 - Substitution of new section for section 5 Section3 - Amendment of section 6 Chapter III Section4 - Substitution of new section for section 9 Section5 - Amendment of section 10 Chapter IV Section6 - Substitution of new section for section 6 Section7 - Amendment of section 7 Section8 - Amendment of section 18 Section9 - Insertion of new section 18A Section10 - Substitution of new section for section 19 Section11 - Amendment of section 21 Section12 - Amendment of section 22 Section13 - Amendment of section 25 Section14 - Insertion of new sections 25A and 25B Section15 - Amendment of section 27 Section16 - Amendment of section 34 Section17 - Insertion of new section 35A Section18 - Amendment of section 38 Section19 - Amendment of section 39 Section20 - Insertion of new section 40A Section21 - Amendment of section 43 Section22 - Amendment of section 44 Section23 - Amendment of section 48 Section24 - Amendment of section 50 Section25 - Amendment of section 55 Section26 - Amendment of section 63
List Judgments citing this sectionState Bank of India (Amendment) Act 2007 Complete Act
Title: State Bank of India (Amendment) Act 2007
State: Central
Year: 2007
Preamble1 - STATE BANK OF INDIA (AMENDMENT) ACT 2007 Section1 - Short title and commencement Section2 - Amendment of section 3 Section3 - Amendment of section 5 Section4 - Amendment of section 10 Section5 - Amendment of section 11 Section6 - Amendment of section 18 Section7 - Amendment of section 19 Section8 - Amendment of section 24 Section9 - Amendment of section 36 Section10 - Repeal and saving
List Judgments citing this sectionBanking Regulation (Amendment) Act 2007 Complete Act
Title: Banking Regulation (Amendment) Act 2007
State: Central
Year: 2007
Preamble1 - BANKING REGULATION (AMENDMENT) ACT, 2007 Section1 - Short title and commencement Section2 - Amendment of section 24 Section3 - Amendment of section 53 Section4 - Repeal and saving
List Judgments citing this sectionState Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Chapter IV
Title: Amendment to the State Bank of India (Subsidiary Banks) Act, 1959
State: Central
Year: 2007
..... Section 25 - Amendment of section 55 In section 55 of the State Bank of India (Subsidiary Banks) Act, for the words "Banking Companies Act", the words "Banking Regulation Act" shall be substituted. Section 26 - Amendment of section 63 In section 63 of the State Bank of India (Subsidiary Banks) Act,-- (a) for sub-section (1), the following sub-section shall be substituted, namely:-- "(1) The Board of Directors of a subsidiary bank may, after consultation with the State Bank and with the previous approval of the Reserve Bank, 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;"; (b) in sub-section (2),-- (i) after clause (f), the following clauses shall be inserted, namely:-- "(fa) the procedure for issuing the certificates of shares; (fb) the procedure with respect to increase, whether by public issue or by preferencial allotment or private placement, the issued capital by issue of equity or preference.....
View Complete Act List Judgments citing this sectionState Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Chapter II
Title: Amendments to the State Bank of Saurashtra Act, 1950
State: Central
Year: 2007
.....may, with the approval of the Reserve Bank, authorise the Saurashtra Bank to increase or reduce its authorised capital.". Section 3 - Amendment of section 6 In section 6 of the State Bank of Saurashtra Act,-- (a) after sub-section (1), the following sub-section shall be inserted, namely:-- "(1A) Notwithstanding anything contained in sub-section (1), the issued capital of the Saurashtra Bank, shall consist of such amount as the State Bank may, with the approval of the Reserve Bank, fix, and, shall be divided into fully paid-up shares of such denomination in accordance with sub-section (2) of section 5."; (b) for sub-section (3), the following sub-sections shall be substituted, namely:-- "(3) The Saurashtra Bank may, from time to time, with the approval of the State Bank and the Reserve Bank, increase, whether by public issue or by preferential allotment or private placement in accordance with the procedure as may be specified by regulations made under section 63 of the State Bank of India (Subsidiary Banks) Act, 1959(38 of 1959), its issued capital by issue of equity or preference shares. (3A) The issued capital of the Saurashtra Bank shall consist of equity shares.....
View Complete Act List Judgments citing this sectionState Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Chapter III
Title: Amendmentsto the State Bank of Hyderabad Act, 1956
State: Central
Year: 2007
.....Bank may, with the approval of the Reserve Bank, fix, and shall be divided into fully paid-up shares of such denomination in accordance with sub-section (2) of section 9."; (b) for sub-section (3), the following sub-sections shall be substituted, namely:-- "(3) The Hyderabad Bank may, from time to time, with the approval of the State Bank and the Reserve Bank, increase, whether by public issue or by preferential allotment or private placement in accordance with the procedure as may be specified by regulations made under section 63 of the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), its issued capital by issue of equity or preference shares. (3A) The issued capital of the Hyderabad Bank shall consist of equity shares or equity and preference shares: Provided that the issue of preference shares shall be in accordance with the guidelines framed by the Reserve Bank specifying the class of preference shares, the extent of issue of each class of such preference shares (whether perpetual or irredeemable or redeemable) and the terms and conditions subject to which, each class of preference shares may be issued. (3B) The Hyderabad Bank may, with the.....
View Complete Act List Judgments citing this sectionState Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Preamble 1
Title: State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007
State: Central
Year: 2007
THE STATE BANK OF INDIA (SUBSIDIARY BANKS LAWS) AMENDMENT ACT, 2007 [Act No. 30 of 2007] [18th June, 2007] PREAMBLE An Act further to amend the State Bank of Saurashtra Act, 1950, the State Bank of Hyderabad Act, 1956 and the State Bank of India (Subsidiary Banks) Act, 1959. be it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:--
View Complete Act List Judgments citing this sectionState Bank of India (Amendment) Act 2007 Preamble 1
Title: State Bank of India (Amendment) Act 2007
State: Central
Year: 2007
THE STATE BANK OF INDIA (AMENDMENT) ACT, 2007 [Act No. 32 of 2007] [3rd September, 2007.] PREAMBLE An Act further to amend the State Bank of India Act, 1955. be it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:--
View Complete Act List Judgments citing this sectionBanking Regulation (Amendment) Act 2007 Preamble 1
Title: Banking Regulation (Amendment) Act, 2007
State: Central
Year: 2007
THE BANKING REGULATION (AMENDMENT) ACT, 2007 [Act No. 17 of 2007] [26th March, 2007] PREAMBLE An Act further to amend the Banking Regulation Act, 1949. BE it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:--
View Complete Act List Judgments citing this sectionState Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Section 3
Title: Amendment of Section 6
State: Central
Year: 2007
.....Bank may, with the approval of the Reserve Bank, fix, and, shall be divided into fully paid-up shares of such denomination in accordance with sub-section (2) of section 5."; (b) for sub-section (3), the following sub-sections shall be substituted, namely:-- "(3) The Saurashtra Bank may, from time to time, with the approval of the State Bank and the Reserve Bank, increase, whether by public issue or by preferential allotment or private placement in accordance with the procedure as may be specified by regulations made under section 63 of the State Bank of India (Subsidiary Banks) Act, 1959(38 of 1959), its issued capital by issue of equity or preference shares. (3A) The issued capital of the Saurashtra Bank shall consist of equity shares or equity and preference shares: Provided that the issue of preference shares shall be in accordance with the guidelines framed by the Reserve Bank specifying the class of preference shares, the extent of issue of each class of such preference shares (whether perpetual or irredeemable or redeemable) and the terms and conditions subject to which, each class of preference shares may be issued. (3B) The Saurashtra Bank may, with the.....
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