State Bank of India Act, 1955 [A10-EGF]

As at 7 September 2026. In force from 13 October 1955.

Dates: made 15 June 1955; in force 13 October 1955; ceased none recorded. Gazette: none recorded. Band A.

Synthetic. The words of this Act are generated by the register; its title, number and year are real.

Cite: State Bank of India Act, 1955, Act 23 of 1955 [A10-EGF]. Machine: A10-EGF.

Sections (26)

Chapter I. PRELIMINARY

Chapter II. RESERVE BANK

Chapter III. OFFENCES AND PENALTIES

Section 1. Short title, extent and commencement [S1C-XGK]

Section 2. Definitions [S1C-XHH]

Section 3. Appointment of Reserve Bank [S1C-XJQ]

Section 4. Registration of financials institution [S1C-XKN]

Section 5. Prohibition of the enforcement of security interest without licence [S1C-XMV]

Section 6. Grant of licence [S1C-XNS]

Section 7. Maintenance of records and furnishing of returns [S1C-XPZ]

Section 8. Powers of authorised officer [S1C-XQX]

Section 9. Power to issue directions [S1C-XR3]

Section 10. Power to exempt [S1C-XS1]

Section 11. Registration of bankings company [S1C-XT7]

Section 12. Prohibition of the borrowing of money without licence [S1C-XV5]

Section 13. Grant of licence [S1C-XWB]

Section 14. Maintenance of records and furnishing of returns [S1C-XX9]

Section 15. Powers of authorised officer [S1C-XYF]

Section 16. Power to issue directions [S1C-XZD]

Section 17. Power to exempt [S1C-Y0T]

Section 18. Registration of depositors [S1C-Y1R]

Section 19. Prohibition of the business of a financial institution without licence [S1C-Y2Y]

Section 20. Penalty for contravention [S1C-Y3W]

Section 21. Offences by companies [S1C-Y4J]

Section 22. Appeal [S1C-Y5G]

Section 23. Cognizance of offences [S1C-Y6P]

Section 24. Protection of action taken in good faith [S1C-Y7M]

Section 25. Power to make rules [S1C-Y8A]

Section 26. Power to remove difficulties [S1C-Y98]

Made under

No recital of a power is printed.

Acts on (0)

none

Acted on by (4)

Exempts: Notification S.O. 2884(E), dated 23rd June, 1960 [N11-PBQ], 23 June 1960. "section 4 of the said Act".

Commences: Notification S.O. 845(E), dated 24th June, 1956 [N11-M77], 30 June 1956. "shall come into force".

Commences: Notification S.O. 3526(E), dated 29th September, 1955 [N11-KS2], 13 October 1955. "shall come into force".

Exempts: Notification S.O. 2230(E), dated 2nd October, 1962 [N11-QWR], 2 October 1962. "section 4 of the said Act".

Not held (1)

"section 3 of the Reserve Bank of India Act, 1934"