State Bank of Hyderabad Act : Authorized capital. Indian Bare Acts :

State Bank of Hyderabad Act,1956

Act No : 79

Section : Authorized capital.

1*[9. Authorized capital.- (1) The authorised capital of the Hyderabad Bank shall be one crore of rupees, divided into shares of one hundred rupees each. (2) Notwithstanding anything contained in this section, the State Bank may, with the approval of the Reserve Bank, authorise the Hyderabad Bank to increase or reduce its authorised capital: Provided that where the authorised capital is so increased, the shares issued shall be of the denomination specified in sub-section (1).