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 5: Transfer of Share Capital of Hyderabad State Bank to Reserve Bank.
    On the appointed day, all shares in the capital of the Hyderabad State Bank shall be transferred to, and shall vest in, the Reserve Bank free of all trusts, liabilities and encumbrances.
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