The Presidency Banks Act 1876, 11 of 1876, (Rep., Act 47 of 1920) · VII — .

Section 35. Every person appointed to hold, or act in, any one or more of the said offices, and every other offi

Repealed or not in force · As amended up to 2026-08

35. Every person appointed to hold, or act in, any one or more of the said offices, and every other officer from whom the directors may from time to time think fit to require it, shall give security to the directors, for the faithful discharge of his duty to the satisfaction of the directors, in such amount and in such manner as they think proper. The security to be given as aforesaid by the person holding or acting in the office of Secretary shall not be in a less amount than fifty thousand rupees. ACCOUNTS, RECEIPTS AND DOCUMENTS OF BANKS BY WHOM TO BE SIGNED. Officers forbidden to engage in other commercial business. Security from officers.

Source: India Code