Section 3A
Change of name of a subsidiary bank. Repealed
The State Bank of India (Subsidiary Banks) Act, 1959
About this Act
An Act to provide for the formation of certain Government or Government associated banks as subsidiaries of the State Bank of India and for the constitution, management and control of the subsidiary banks so formed, and for matters connected therewith, or incidental thereto.
1[3A. Change of name of a subsidiary bank.--(1) The Central Government after consulting the
State Bank and the Reserve Bank may, by notification in the Official Gazette, direct that the name of
any subsidiary bank shall, with effect from such date as may be specified in this behalf, be changed to
any other name and thereupon any reference to that subsidiary bank in this Act or any other law for
the time being in force or in any contract, instrument or document shall be construed as a reference to
that bank by its new name.
(2) The change in the name of a subsidiary bank under sub-section (1) shall not affect any rights or obligations of that bank or render defective any legal proceedings by or against it, and any legal proceedings which might have been continued or commenced by or against that bank by its former name may be continued by or against it by its new name.]
(2) The change in the name of a subsidiary bank under sub-section (1) shall not affect any rights or obligations of that bank or render defective any legal proceedings by or against it, and any legal proceedings which might have been continued or commenced by or against that bank by its former name may be continued by or against it by its new name.]
Notes
1. Ins. by s. 3, ibid. (w.e.f.14-12-1962).