Repealed or not in force · As amended up to 2026-08
61. Every person who by operation of law, transfers or otherwise becomes entitled to any stock or shares, shall be bound by any and every notice or other document which, previously to his name and address being entered upon the register of the Bank in respect of such stock or shares, has been given to the person from whom he derives his title thereto.
Chapter I: .
PRELIMINARY. | Section 1: This Act may be called "The Presidency Banks Act, 1876;"
CHAPTER I.
PRELIMINARY.
1. This Act may be called "The Presidency Banks Act, 1876;"
Short title. 1. This Act may be called "The Presidency Banks Act, 1876;"
Commencement. And it shall come into force on the first day of May 1876.
Repeal of enactments. 2. On and from that day the Statute specified in the first part of the schedule hereto annexed shall be repealed to the extent mentioned in the third column thereof, and the Acts specified in the second, third and fourth parts of the same schedule shall be wholly repealed. But all bye-laws and regulations made under
1876.] Presidency Banks.
under any such Act, and then in force, shall, so far as they are consistent with this Act, be deemed to have been made hereunder.
The references made in the Indian Companies Act, 1866, to the Bank of Bengal, the Bank of Madras and the Bank of Bombay, shall be deemed to be made respectively to the Bank of Bengal, the Bank of Madras and the Bank of Bombay as constituted by this Act.
Chapter VIII: .
BUSINESS.
36. The Bank is authorized to carry on and transact the several kinds of business hereinafter specified (that is to say): | Section 1: promissory notes, debentures, stock and other securities of the Government of India, or of the United Kingdom of Great Britain and Ireland;
1. promissory notes, debentures, stock and other securities of the Government of India, or of the United Kingdom of Great Britain and Ireland;
Chapter VIII: .
BUSINESS.
36. The Bank is authorized to carry on and transact the several kinds of business hereinafter specified (that is to say): | Section 1: the buying, selling, transferring and taking charge of any securities, or any shares in any public Company;
1. the buying, selling, transferring and taking charge of any securities, or any shares in any public Company;
Chapter VIII: .
BUSINESS.
36. The Bank is authorized to carry on and transact the several kinds of business hereinafter specified (that is to say): | Section 1: to act as banker for, and to pay, receive, collect and remit money, bullion and securities on behalf of the Government;
1. to act as banker for, and to pay, receive, collect and remit money, bullion and securities on behalf of the Government;
Source: India Code