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Bare acts > Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 > Section 16
 
  


 

16. Amendment of section 26 of Act 38 of 1959. - In section 26 of the State Bank of India (Subsidiary Banks) Act, 1959,-


(a) in sub-section (2), the words "and thereafter until his successor is duly elected" shall be omitted;

(b) in sub-section (2A), for the words "and thereafter until his successor shall have been duly nominated or appointed", the words "and thereafter until his successor shall have been duly appointed" shall be substituted.

 

 

 

 

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