State Bank of India (Subsidiary Banks) Act,1959 |
Act No : 38 of 1959 |
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Contents of Act: |
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SECTION( 50. ) Staff of a subsidiary bank. | |
SECTION( 50A. ) Bonus. | |
SECTION( 51. ) Establishment of pension and superannuation funds by subsidiary banks. | |
SECTION( 52. ) Obligation as to fidelity and secrecy. | |
SECTION( 53. ) Indemnity of directors. | |
SECTION( 54. ) Defects in appointment or constitution not to invalidate acts orproceedings. | |
SECTION( 55. ) Companies Act, 1956, and Banking Companies Act, 1949, not to apply tocertain existing banks. | |
SECTION( 56. ) Continuance of special provisions respecting recovery of loans andadvances made by the Bank of Patiala and the State Bank of Saurashtra. | |
SECTION( 57. ) Bar to liquidation of a subsidiary bank. | |
SECTION( 58. ) Dissolution of existing banks. |