Section 21:
Register of shareholders.
1[(1)] Every subsidiary bank shall keep at its head office a
register, in one or more books, of the shareholders and shall enter therein the following particulars so
far as they may be available:--
(i) the names, addresses and occupations, if any, of the shareholder and a statement of the
shares held by each shareholder, distinguishing each share by its denoting number;
(ii) the date on which each person is so entered as a shareholder;
(iii) the date on which any person ceases to be a shareholder; and
(iv) such other particulars as may be prescribed:
2
[Provided that nothing in this section shall apply to the shares held with a depository.]
3
[(2) Notwithstanding anything contained in sub-section (1), it shall be lawful for a subsidiary
bank to keep the register of shareholders in computer floppies or diskettes or any other electronic
form subject to such safeguards as may be prescribed.
(3) Notwithstanding anything contained in the Indian Evidence Act, 1872 (1 of 1872), a copy of,
or extract from, the register of shareholders, certified to be a true copy under the hand of any officer
of the subsidiary bank authorised in this behalf shall in all legal proceedings, be admissible in
evidence.]
Notes:
1. Section 21 renumbered as sub-section (1) thereof by s.11, ibid. (w.e.f.9-7-2007).
2. Proviso ins. by Act 8 of 1997, s. 6 (w.e.f.15-1-1997).
3. Ins. by Act 30 of 2007, s. 11 (w.e.f.9-7-2007).