Schedule 5 of The State Bank of India Act, 1955 in hindi
THE FIFTH SCHEDULE.—[Amendment to the Imperial Bank of India Act, 1920.] Added by the State Bank of India (Amendment) Act, 1955 (33 of 1955), by s. 7 (with retrospective effect). 36
Summary
- The Fifth Schedule was not in the first version of the Act but was added later in 1955.
- It was added by section 7 of the State Bank of India (Amendment) Act, 1955, and was applied backward in time.
- Its purpose was to make changes to the Imperial Bank of India Act, 1920.
Practical examples
FAQ
1. What was the Fifth Schedule created to do?
It was created to make changes to the Imperial Bank of India Act, 1920.
2. What does it mean that the Fifth Schedule was added with retrospective effect?
It means the schedule was applied backward in time, so it was treated as if it had been active from the very start of the main Act.
Test yourself
Q1.Under Schedule 5 of The State Bank of India Act, 1955, which Act was originally amended by this schedule before its repeal?
Q2.Under Schedule 5 of The State Bank of India Act, 1955, how was this schedule first introduced into the main Act?
Q3.Under Schedule 5 of The State Bank of India Act, 1955, what was the nature of its commencement when it was inserted?
Q4.Under Schedule 5 of The State Bank of India Act, 1955, how does its repeal date and repealing authority compare to those of Schedule 4 of the same Act?