State Bank of India (Subsidiary Banks) Act : Power to issue directions removing difficulties. Indian

State Bank of India (Subsidiary Banks) Act,1959

Act No : 38

Section : Power to issue directions removing difficulties.

45. Power to issue directions removing difficulties.- For the purpose of facilitating the full and effective transfer of the undertaking of an existing bank in accordance with the provisions of this Act, or in order to remove any difficulty which in the opinion of the Central Government has arisen or is likely to arise in connection with such transfer, the Central Government may, in consultation with the Reserve Bank, give such direction to any existing bank or the State Bank as appear to it to be necessary and the said bank or the State Bank, as the case may be, shall comply with such directions.