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

Section XXIV. And it is hereby enacted, that no person who shall hold the Office of Secretary, Treasurer, Head Acc

Repealed or not in force · As amended up to 2026-08

XXIV. And it is hereby enacted, that no person who shall hold the Office of Secretary, Treasurer, Head Accountant, or Head Shroff of the Bank of Bombay, shall engage in any other Commercial business, either on his own account, or as Agent for any other person or persons, or act as a Broker for the sale or purchase of Government Securities, and that every person appointed to any one or more of the said offices shall give security to the Directors for the faithful discharge of his duty, in the sum of Fifty Thousand Rupees.

Source: India Code