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Repealed or not in force

Bank of Bombay Act, 1840, 3 of 1840 (Rep., Bom. Act 10 of 1863)

38 sections · As amended up to 2026-08

Sections

  1. XLAnd it is further enacted, that the said Bank shall continue as hereby constituted until the 1st day
  2. IXAnd it is hereby enacted, that the said share or shares of the Capital Stock of the said Bank shall
  3. XXAnd it is hereby enacted, that at the first Meeting of the Directors in every year, they shall choos
  4. XVIIIAnd it is hereby enacted, that it shall be lawful for the Governor in Council of Bombay to give a pr
  5. XXVIIAnd it is hereby enacted, that the Directors of the said Bank of Bombay shall not discount any Negot
  6. IVAnd it is hereby enacted, that the Capital Stock of the Bank of Bombay shall be divided into shares
  7. XXIIAnd it is hereby enacted, that all accounts of the said Bank, and all instruments not under seal, wh
  8. XXXIIISection XXXIII
  9. XXXVIAnd it is hereby enacted, that on the first Monday of the month of August in every year, a General M
  10. XIAnd it is hereby enacted, that the business of the said Bank shall be managed by nine Directors, of
  11. XXVIAnd it is hereby enacted, that the Directors of the said Bank shall discount no Negotiable Security,
  12. XXXVAnd it is hereby enacted, than an account of the profits of the said Bank shall be taken half-yearly
  13. XVAnd it is hereby enacted, that no person shall be capable of serving as a Director by election of th
  14. XXXIXAnd it is further enacted, that if any of the said Proprietors shall become indebted to the said Ban
  15. XVIAnd it is hereby enacted, that at a General Meeting of the Proprietors every election, and other mat
  16. XIIIAnd it is hereby enacted, that two of the six Directors elected as provided in Section XII. And to b
  17. IIAnd it is hereby enacted, that the Capital Stock of the Bank of Bombay shall in amount not be less t
  18. IIIAnd it is hereby enacted, that it shall be in the power of the Governor General of India in Council,
  19. XXXIVAnd it is hereby enacted, that the Directors of the said Bank shall cause the Books of the said Bank
  20. XAnd it is hereby enacted, that the said Corporate body of the Bank of Bombay shall consist and be co
  21. XXIVAnd it is hereby enacted, that no person who shall hold the Office of Secretary, Treasurer, Head Acc
  22. XVIIAnd it is hereby enacted, that at all such General Meetings the Proprietors shall vote according to the following scale:
  23. XXXVIIAnd it is hereby enacted, that any three of the said Directors of the said Bank, or any ten Propriet
  24. XXIXAnd it is hereby enacted, that the said Bank shall not be at any time in advance to the Government m
  25. XXVSection XXV
  26. XXIAnd it is hereby enacted, that the presence of at least three Directors shall be necessary to form a
  27. XXXAnd it is hereby enacted, that the Directors of the said Bank of Bombay shall not suffer any person
  28. VAnd it is hereby enacted, that on the said 1[st ] day of April 1840, or on some early day after that
  29. XIIAnd it is hereby enacted, that the first Director of the said Bank of Bombay shall be such three per
  30. VIIAnd it is hereby enacted, that after the said delivery of the amount of Capital Stock to the Directo
  31. XIXAnd it is hereby enacted, that any Proprietor or Proprietors entitled to vote at any General Meeting
  32. VIIIAnd it is hereby enacted, that no Proprietor shall be allowed to increase his share in the Capital S
  33. VIAnd it is hereby enacted, that payment of the amount of subscriptions to the Capital Stock shall be
  34. XIVAnd it is hereby enacted, that in case of the death, resignation, or absence from Bombay for more th
  35. XXXIAnd it is hereby enacted, that the said Bank of Bombay may issue Promissory Notes payable either on
  36. XXIIIAnd it is hereby enacted, that the said Directors shall have power to appoint such Officers as may b
  37. XXXIIAnd it is hereby enacted, that it shall not be lawful for the said Bank to make, issue, or negotiate
  38. XXVIIIAnd it is hereby enacted, that the Directors of the said Bank shall make no loan other than such loa