Section 9: Transfer of shares of existing banks to State Bank

Q: What does Section 9 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) deal with?

Section 9 TSBISBA pertains to "Transfer of shares of existing banks to State Bank". It is part of the The State Bank of India (Subsidiary Banks) Act, 1959, a legislation enacted by the Parliament of India. Section 9 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs transfer of shares of existing banks to State Bank. As verified on 19 May 2026.

Q: Is Section 9 TSBISBA still in force?

Yes, Section 9 of the The State Bank of India (Subsidiary Banks) Act, 1959 is currently in force across the Republic of India.

Q: What is धारा 9 TSBISBA?

धारा 9 TSBISBA is the Devanagari Hindi reference for Section 9 of the The State Bank of India (Subsidiary Banks) Act, 1959. Section 9 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs transfer of shares of existing banks to State Bank. As verified on 19 May 2026.

Q: What is Dhara 9 TSBISBA?

Dhara 9 TSBISBA is the Roman Hindi reference for Section 9 of the The State Bank of India (Subsidiary Banks) Act, 1959. "Dhara" means "Section" in Hindi. Section 9 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs transfer of shares of existing banks to State Bank. As verified on 19 May 2026.

Q: How to cite Section 9 of The State Bank of India (Subsidiary Banks) Act, 1959?

Cite as: "Section 9, The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA)" in legal briefs. For academic writing, use the BlueBook format: The State Bank of India (Subsidiary Banks) Act, 1959, § 9 (India).

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Wednesday, 20 May 2026

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Section 9 TSBISBA (The State Bank of India (Subsidiary Banks) Act, 1959): Transfer of shares of existing banks to State Bank | Law on Tips | Law on Tips

Table of Contents

The State Bank of India (Subsidiary Banks) Act, 1959

Chapter II — [CONSTITUTION OF NEW BANKS AND CHANGE OF NAME OF ANY SUBSIDIARY BANK] [Substituted by Act 56 of 1962, Section 3. for the former heading.]

Section 9

Transfer of shares of existing banks to State Bank

- On the constitution of a new bank, all shares in the capital of the corresponding bank, where such corresponding bank has a share capital, shall stand transferred to, and shall vest in, the State Bank, free of all trusts, liabilities and encumbrances.