Section 63

Chapter XIII: . Bye-Laws. | Section 63: The directors shall as soon as may be make, and CHAPTER XIII. Bye-Laws. 63. The directors shall as soon as may be make, and Notices by shareholders. Shareholder bound by notices, to previous holders. Service of notices good notwithstanding shareholder's death. Power of directors to make bye-laws. Presidency Banks. | ACT XI and may from time to time alter, bye-laws regulating the following matters or any of them:— (a) the maximum amount which may be advanced or lent by discount of bills, or otherwise, to any individual or partnership, without the security mentioned in section thirty-six, paragraph (a), Nos. (1) to (5) inclusive, (b) the circumstances under which alone advances may be made to directors or officers of the Bank, or the relatives of such directors or officers, or to companies, firms or individuals with which or with whom such directors, officers, or relatives are connected as partners, directors, managers, servants, shareholders, or otherwise, (c) the particulars to be contained in the half-yearly balance-sheet, The directors may from time to time make bye-laws regulating the following matters or any of them:— (d) the distribution of business amongst the directors, (e) their remuneration, (f) the delegation of any powers of the directors to committees consisting of members of their body, (g) the procedure at the meetings of the board or of any committee of the directors, (h) the books and accounts to be kept at the head and other offices respectively, Chapter XIII: . Bye-Laws. | Section 63: The directors shall as soon as may be make, and (i) the reports and statements to be prepared and made by the Chief Accountant, the heads of departments, and the other officers of the Bank, (j) the management of the branches and agencies, (k) the fees payable for certificates of shares or receipts for stock, or for registration of transfers of shares or stock, (l) the renewal of certificates of shares and receipts for stock, which have been worn-out or lost, (m) 1876.] Presidency Banks. (m) and, generally, for the conduct of the business of the Bank: Provided that no bye-law, or alteration or rescission of any bye-law, shall be of any validity, except in so far as the same is consistent with the provisions of this Act, and has been previously approved by the Governor-General in Council, and such approval has been signified in writing under the hand of a Secretary to the Government of India.