Section 4:
Authorised capital.
1[4. Authorised capital.--Subject to the provisions of this Act, the authorised capital of the State
Bank shall be five thousand crores of rupees divided into five hundred crores of fully paid-up shares often
rupees each:
Provided that the Central Board may reduce the nominal or face value of the shares, and divide the
authorised capital into such denomination as it may decide with the approval of the Reserve Bank:
Provided further that the Central Government may, in consultation with the Reserve Bank, increase or
reduce the authorised capital so however that the shares in all cases shall be fully paid-up shares.]
Notes:
1. Subs. by Act 27 of 2010, s. 3, for section 4 (w.e.f. 15-9-2010).