Central Act
10
Section 10. Transferability of shares.
The State Bank of India Act, 1955
In forceAll India (Central Act)
10. Transferability of shares. (1) Save as otherwise provided in sub-section (2), the shares of the State Bank shall be freely transferable. (2) Nothing contained in sub-section (1) shall entitle the 1[Central Government] to transfer any shares held by it in the State Bank if such transfer will result in reducing the shares held by it to less than 2[fifty-one per cent. of the issued capital consisting of equity shares,] of the State Bank.