Act Number: 23

Act Name: The State Bank of India Act, 1955

Year: 1955

Enactment Date: 1955-05-08

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 8: Existing provident and other funds of the Imperial Bank.
    For the persons who immediately before the appointed day are the trustees of the following funds, that is to say,--
         (a) the Imperial Bank of India Employees Provident Fund;
         (b) the Imperial Bank of India Employees Pension and Guarantee Fund;
         (c) the Bank of Bombay Officers Pension and Guarantee Fund;
         (d) the Bank of Madras Pension and Gratuity Fund; and
         (e) the Bank of Madras Officers Provident and Mutual Guarantee Fund;
there shall be substituted as trustees such persons as the Central Government may, by general or special order, specify.
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