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 13: Register of shareholders.
    1[13. Register of shareholders.--(1) The State Bank shall keep at its Central 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 shareholders 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 sub-section shall apply to the shares held with a depository.]
     (2) Notwithstanding anything contained in sub-section (1), it shall be lawful for the State Bank to keep the register of shareholders 3[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 an officer of the State Bank authorised in this behalf, shall, in all legal proceedings, be admissible in evidence.]
Notes:
1. Subs. by s. 13, ibid., for section 13 (w.e.f. 15-10-1993).
2. Ins. by Act 8 of 1997, s. 3 (w.e.f. 15-1-1997).
3. Subs. by Act 27 of 2010, s. 8, for "in computer floppies or diskettes" (w.e.f. 15-9-2010).
Scroll to Top