Section 21C
Local Committees.
The State Bank of India Act, 1955
About this Act
An Act to constitute a State Bank for India, to transfer to it the undertaking of the Imperial Bank of India and to provide for other matters connected therewith or incidental thereto.
1[(1) A Local Committee may be constituted by the Central Board for any
area and shall consist of such number of members as may be prescribed.
2[(2) The chairman or the managing director nominated by him shall be an ex officio member of every such Local Committee.]
(3) A Local Committee shall exercise such powers and perform such functions and duties as the Central Board may confer on or assign to it.]
2[(2) The chairman or the managing director nominated by him shall be an ex officio member of every such Local Committee.]
(3) A Local Committee shall exercise such powers and perform such functions and duties as the Central Board may confer on or assign to it.]
Notes
1. Ins. by Act 35 of 1964, s.6 (w.e.f. 1-12-1964).
2. Subs. by Act 27 of 2010, s. 15, for sub-section (2) (w.e.f. 15-9-2010).
2. Subs. by Act 27 of 2010, s. 15, for sub-section (2) (w.e.f. 15-9-2010).