The Bank shall, as soon as may be, establish offices in Bombay, Calcutta, 1 [Delhi and Madras] 2*** and may establish branches or agencies in any other place in India 3*** or, with the previous sanction of the 4 [Central Government] elsewhere.
1Subs. by Act 11 of 1947, s. 5, for “Delhi, Madras and Rangoon” (w.e.f. 1-4-1947).
2The words “and a branch in London” omitted by Act 24 of 1955, s. 3 (w.e.f. 8-5-1955).
3The words “or Burma” omitted by Act 11 of 1947, s. 5 (w.e.f. 1-4-1947) which was earlier inserted by the M.O. 1937.
4Subs. by the M.O. 1937, for “G.G. in C.”.