State Bank of India Act,1955

Act No : 23

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Section : Remuneration of directors.

26. Remuneration of directors. -(1) Without preiudice to the provisions contained in sections 27 28 and 29 the directors shall be paid such fees and allowances for attending the meetings of the Central Board or of any of its ---------------------------------------------------------------------- 1. Subs. by Act 35 of 1964, s. 9, for sub-section (2) (w.e.f. 1-12- 1964). 2. Subs. by Act 48 of 1973, s. 9. for certain words (w.e.f. 1-7- 1974). 3. Subs. by Act 3 of 1994, s. 15, for certain words (w.e.f. 15-10-1993). 4. Subs. by s. 9. ibid. for "under this section" (w.e.f. 1-7-1974). 5. Ins. by s. 9, ibid., (w.e.f. 1-7-1974). 6. Certain words omitted by Act 3 of 1994, s. 15 (w.e.f. 15-10-1993). 124 Committees and for attending to any other work of the State Bank as may be prescribed. (2) Notwithstanding anything contained in sub-section (1), no fees shall be payable to a managing director or any other director who is an officer of the Central Government or the Reserve Bank.

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