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(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 1[as may be determined
by the Central Government].
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1. Subs. by Act 73 of 1976, s. 4, for certain words (w.e.f. 11-6-1976).
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2. The proviso omitted by s. 4, _ibid_. (w.e.f. 11-6-1976).
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