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

Section 50. Any ten or more proprietors or shareholders holding stock or shares, or both, to the aggregate amoun

Repealed or not in force · As amended up to 2026-08

50. Any ten or more proprietors or shareholders holding stock or shares, or both, to the aggregate amount of fifty thousand rupees, or any three directors, may convene a special meeting upon giving fifteen days' previous notice of such meeting, and of the purpose for which the same is convened, as well to the directors as also by public advertisement in the local official Gazette, and in two of the English daily newspapers and one of the Vernacular newspapers: Provided that three months' previous notice shall be thus given of any special meeting held for the purpose of increasing or reducing the capital of the Bank, and shall also be served on every proprietor and shareholder.

Source: India Code