State Bank of India Act,1955

Act No : 23

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Section : Authorised capital.

4. Authorised capital.- Subject to the provisions of this Act, the authorized capital of the State Bank shall be twenty crores of rupees divided into 4*[two crores] of fully paid-up shares of 4*[ten rupees] each: Provided that the Central Government may increase or reduce the authorized capital as it thinks fit so however that the shares in all cases shall be fully paid-up shares of 4*[ten rupees] each.

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