State Bank of India Act : Shares to be approved securities. Indian Bare Acts :

State Bank of India Act,1955

Act No : 23

Section : Shares to be approved securities.

12. Shares to be approved securities.- Notwithstanding anything contained in the Acts hereinafter mentioned in this section, the shares of the State Bank shall be deemed to be included among the securities enumerated in section 20 of the India Trusts Act, 1882 (2 of 1882), and also to be approved securities for the purposes of the Insurance Act, 1938 (4 of 1938), and the [Banking Regulation Act, 1949 (10 of 1949),]