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The State Bank of India (Amendment) Act, 2010 No. 27 of 2010[24th August, 2010.] Complete Act

Title: The State Bank of India (Amendment) Act, 2010 No. 27 of 2010[24th August, 2010.]

State: Central

Year: 2010

An Act further to amend the State Bank of India Act, 1955.BE it enacted by Parliament in the Sixty-first Year of the Republic of India as follows:- 1. Short title and commencement. - (1) This Act may be called the State Bank of India (Amendment) Act, 2010.(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint:Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. 2. Amendment of section 2. - In section 2 of the State Bank of India Act, 1955 (hereinafter referred to as the principal Act), clause (i) shall be omitted. 3. Substitution of new section for section 4. - For section 4 of the principal Act, the following section shall be substituted, namely:-"4. Authorised capital. - Subject to the provisions of this Act, the authorised capital of the State Bank shall be five thousand crores of rupees divided into five hundred crores of fully paid-up shares of ten rupees each:Provided that the Central Board may reduce the nominal or face value of.....