27. Powers and remuneration of chairman
(1)
The Chairman shall preside at all meetings of the Central Board and subject to such general or special directions as the Central Board may give, exercise all such powers and do all such acts and things as may be exercised or done by the State Bank.
(2)
The chairman shall receive such salary, fees, allowances and perquisites [as may be determined by the Central Government].
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Amendment notes (2)
- Subs w.e.f. 11-6-1976 . Subs. by Act 73 of 1976, s. 4, for certain words (w.e.f. 11-6-1976).
- omitted w.e.f. 11-6-1976 . The proviso omitted by s. 4, ibid. (w.e.f. 11-6-1976).