Section 1. In this Schedule "shareholder" means any person who immediately before the appointed day is registered as the holder of a share in the Imperial Bank

1. In this Schedule "shareholder" means any person who immediately before the appointed day is registered as the holder of a share in the Imperial Bank. 1. The Act has been extended to Dadra and Nagar Haveli by Reg. 6 of 1963, s. 2 and the first Schedule (w.e.f. 1-7-1965); Pondicherry by Reg. 7 of 1963, s. 3 and I Sch. (w.e.f. 1-10-1963); and Goa, Daman and Diu by Reg. 11 of 1963, s. 3 and Sch. (w.e.f. 1-2-1965). 1. Ss. (2) and (3) omitted by Act 35 of 1964, s. 3 (w.e.f. 1-12-1964). 2. Ins. by Act 27 of 2010, s. 11 (w.e.f. 15-9-2010). (b) not incur any obligation or liability by reason only of his being an additional director or for anything done or omitted to be done in good faith in the execution of the duties of his office or in relation thereto; and (c) not be required to hold qualification shares in the State Bank. (3) For the purpose of reckoning any proportion of the total number of directors of the State Bank, any additional director appointed under this section shall not be taken into account.]