Section 4
Head Office and Branches of Hyderabad Bank. Repealed
The State Bank of Hyderabad Act, 1956
About this Act
An Act to transfer the share capital of the Hyderabad State Bank to the Reserve Bank of India and to provide for its proper management and other matters connected therewith or incidental thereto.
(1) Unless otherwise directed by the Central
Government by notification in the Official Gazette, the Head Office of the Hyderabad Bank shall be at
Hyderabad.
(2) The Hyderabad Bank shall continue to maintain every branch and agency of the Hyderabad State Bank in existence immediately before the appointed day 1[and shall not discontinue any branch or establish any new branch except in consultation with the State Bank and with the approval of the Reserve Bank.]
(2) The Hyderabad Bank shall continue to maintain every branch and agency of the Hyderabad State Bank in existence immediately before the appointed day 1[and shall not discontinue any branch or establish any new branch except in consultation with the State Bank and with the approval of the Reserve Bank.]
Notes
1. Subs. by s. 64 and the Third Schedule, ibid., for "and shall not discontinue any such branch or agency or establish any new
branch or agency except with the previous approval of the Reserve Bank" (w.e.f. 1-10-1959).