Act Number: 79

Act Name: The State Bank of Hyderabad Act, 1956

Year: 1956

Enactment Date: 1956-12-22

Long Title: An Act to transfer the share capital of the Hyderabad State Bank to the Reserve Bank of India and to provide for its proper management and other matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 4: Head Office and Branches of Hyderabad Bank.
    (1) Unless otherwise directed by the Central Government by notification in the Official Gazette, the Head Office of the Hyderabad Bank shall be at Hyderabad.
     (2) The Hyderabad Bank shall continue to maintain every branch and agency of the Hyderabad State Bank in existence immediately before the appointed day 1[and shall not discontinue any branch or establish any new branch except in consultation with the State Bank and with the approval of the Reserve Bank.]
Notes:
1. Subs. by s. 64 and the Third Schedule, ibid., for "and shall not discontinue any such branch or agency or establish any new branch or agency except with the previous approval of the Reserve Bank" (w.e.f. 1-10-1959).
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