Repealed or not in force · As amended up to 2026-08
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 6: The Bank is authorized to carry on and transact the several kinds of business hereinafter specified (that is to say):
CHAPTER VIII.
BUSINESS.
36. The Bank is authorized to carry on and transact the several kinds of business hereinafter specified (that is to say):
(a) the advancing and lending money, and opening cash-credits, upon the security of—
56. At all such meetings, the proprietors or shareholders shall vote according to the following scale:—
The proprietor of capital stock amounting to Rs. 2,000, or the holder of shares of which the total nominal amounts are equal to Rs. 2,000, shall be entitled to ... 1 vote.
The
1876.]
Presidency Banks.
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 6: accepted bills of exchange and promissory notes indorsed by the payees:
(e) the making, issuing and circulating of bank-post-bills and letters of credit made payable in India, or (in the case of the Bank of Madras) in Ceylon, to order, or otherwise than to the bearer on demand;
(f) the buying and selling of gold and silver, whether coined or uncoined;
(g) the receiving of deposits and keeping cash-accounts on such terms as may be agreed on;
(h) the acceptance of the charge and management of plate, jewels, title-deeds or other valuable goods on such terms as may be agreed upon;
(i) the selling and realizing of all property whether moveable or immoveable, which may in any way come into the possession of the Bank in satisfaction or part satisfaction of any of its claims;
(j) the transacting of pecuniary agency business on commission;
Presidency Banks. [ACT XI]
(k) the acting as agent on commission in the transaction of the following kinds of business (namely):—
Source: India Code