1. Short title and commencement.—(1) This Act may be called the State Bank of India Act, 1955.
(2) It shall come into force on such date2
as the Central Government may, by notification in the
Official Gazette, appoint.
2. Definitions.—In this Act, unless the context otherwise requires,—
(a) “appointed day” means the date on which this Act comes into force;
(b) “Central Board” means the Central Board of Directors of the State Bank;
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[(bb) “chairman” means the chairman of the Central Board;]
(c) “goods” includes bullion, wares and merchandise;
(d) “Imperial Bank” means the Imperial Bank of India constituted under the Imperial Bank of
India Act, 1920 (47 of 1920);
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[(dd) “Local Board” means a Local Board constituted under section 21;]
(e) “prescribed” means prescribed by regulations made under this Act;
(f) “Reserve Bank” means the Reserve Bank of India constituted under the Reserve Bank of India
Act, 1934 (2 of 1934);
(g) “State Bank” means the State Bank of India constituted under this Act;
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[(j) “workman” has the meaning assigned to it in the Industrial Disputes Act, 1947 (14 of 1947).]