Repealed or not in force · As amended up to 2026-08
X. And it is hereby enacted, that no Proprietor shall be allowed to increase his share in the Capital Stock of the said Bank Beyond the amount of Fifty Thousand Rupees, excepting on occasion of any increase being made to the Capital Stock of the said Bank under the Authority of the Governor General in Council, in the manner prescribed in Section IV. of this Act, in which case any Proprietor holding Stock to the full amount of Fifty Thousand Rupees shall, notwithstanding, be entitled to subscribe to the increased Capital Stock in a rateable proportion; and excepting any addition to his interest in the said Capital Stock arises from Succession, Bequest, or Marriage.
Source: India Code