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Bare acts > State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 > Section 21
 
  


 

21. Amendment of section 43. - In section 43 of the State Bank of India (Subsidiary Banks) Act,-


(a) in sub-section (1), in clause (a), for the word "December", the word "March" shall be substituted;

(b) for sub-section (2), the following sub-section shall be substituted, namely:-

"(2) The balance-sheet and profit and loss account of the subsidiary bank shall be signed by persons holding the office of the chairman, managing director, and a majority of the other directors of the subsidiary bank in office.".

 

 

 

 

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