Lawzonline.com   Sign-in | Register
 
Home | Discussion Forum | Communities | Professional Search | Law Dictionary | Bare Acts | Law Schools | State Bare Acts | Free Judgement Search | Law quotes
Articles  |    Humor    |    Law Digest
 
 
Bare acts search
   
 
 
 
   
   
Bare acts > Reserve Bank of India Act, 1934
 
 
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
 
 
   

SECTIONS

Reserve Bank of India Act, 1934

As Amended upto date

   
  Preamble
   
  CHAPTER I: PRELIMINARY
1. Short title, extent and commencement
2. Definitions
   
  CHAPTER II: INCORPORATION, CAPITAL, MANAGEMENT AND BUSINESS
3. Establishment and incorporation of Reserve Bank
4. Capital of the Bank
5. Increase and reduction of share capital
6. Offices, branches and agencies
7. Management
8. Composition of the Central Board, and term of office of Directors
9. Local Boards, their constitution and functions
10. Disqualifications of Directors and members of Local Boards
11. Removal from and vacation of office
12. Casual Vacancies and absences
13. Meetings of the Central Board
14. [Rep. by the Act 62 of 1948]
15. [Rep. by the Act 62 of 1948]
16. [Rep. by the Act 62 of 1948]
17. Business which the Bank may transact
18. Power of direct discount
18-A. Validity of loan or advance not to be questioned
19. Business which the Bank may not transact
   
  CHAPTER III - CENTRAL BANKING FUNCTIONS
20. Obligation of the Bank to transact Government business
21. Bank to have the right to transact Government business in India
21-A. Bank to transact Government business of States on agreement
21-B Effect of agreements made between the Bank and certain States before the 1st November, 1956
22. Right to issue bank notes
23. Issue Department
24. Denominations of notes
25. Form of bank notes
26. Legal tender character of notes
26-A. Certain bank notes to cease to be legal tender
27. Re-issue of notes
28. Recovery of notes lost, stolen, mutilated or imperfect
28-A. Issue of special bank notes and special one rupee notes in certain cases
29. Bank exempt from stamp duty on bank notes
30. Powers of Central Government to supersede Central Board
31. Issue of demand bills and notes
32. Penalty
33. Assets of the Issue Department
34. Liabilities of the Issue Department
35. Initial assets and liabilities
36. Method of dealing with fluctuations in rupee coin assets
37. Suspension of assets requirements as to foreign securities
38. Obligations of Government and the Bank in respect of rupee coin
39. Obligation to supply different forms of currency
40. Transactions in foreign exchange
41. Obligation to buy sterling
41-A. Obligation to provide remittance between India and Burma
42. Cash reserves of scheduled banks to be kept with the Bank
43. Publication of consolidated statement by the Bank
43-A. Protection of action taken in good faith
44. Power to require returns from co-operative banks
45. Appointment of Agents
   
  CHAPTER IIIA - COLLECTION AND FURNISHING OF CREDIT INFORMATION
45-A. Definitions
45-B. Power of Bank to collect credit information
45-C. Power to call for returns containing credit information
45-D. Procedure for furnishing credit information to banking companies
45-E. Disclosure of information prohibited
45-F. Certain claims for compensation barred
45-G. Penalties
   
  CHAPTER IIIB - PROVISIONS RELATING TO NON-BANKING INSTITUTIONS RECEIVING DEPOSITS AND FINANCIAL INSTITUTIONS
45-H. Chapter IIIB not to apply in certain cases
45-I. Definitions
45-IA. Requirement of registration and net owned fund
45-IB. Maintenance of percentage of assets
45-IC. Reserve fund
45-J. Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money
45-JA. Power of Bank to determine policy and issue directions
45-K. Power of Bank to collect information from non-banking institutions as to deposits and to give directions
45-L. Power of Bank to call for information from financial institutions and to give directions
45-M. Duty of non-banking institutions to furnish statements, etc., required by Bank
45-MA. Powers and duties of auditors
45-MB. Power of Bank to prohibit acceptance of deposit and alienation of assets
45-MC. Power of Bank to file winding up petition
45-N. Inspection
   
  CHAPTER IIIC - PROHIBITION OF ACCEPTANCE OF DEPOSITS BY UNINCORPORATED BODIES
45-R. Interpretation
45-S. Deposits not to be accepted in certain cases
45-T. Power to issue search warrants
   
  CHAPTER IIID - REGULATION OF TRANSACTIONS IN DERIVATIVES, MONEY MARKET INSTRUMENTS, SECURITIES, ETC.
45-U. Definitions
45-V. Transactions in derivatives
45-W. Power to regulate transactions in derivatives, money market instruments, etc
45-X. Duty to comply with directions and furnish information
   
  CHAPTER IIIE : JOINT MECHANISM
45-Y. Joint Mechanism
   
  CHAPTER IV - GENERAL PROVISIONS
46. Contribution by Central Government to the Reserve Fund
46-A. Contribution to National Rural Credit (Long Term Operations) Fund and National Rural Credit (Stabilisation) Fund
46-B. Omitted
46-C. National Industrial Credit (Long Term Operations) Fund
46-D. National Housing Credit (Long Term Operations) Fund
47. Allocation of surplus profits
48. Exemption of Bank from income-tax and super-tax
49. Publication of bank rate
50. Auditors
51. Appointment of special auditors by Government
52. Powers and duties of auditors
53. Returns
54. Rural Credit and Development
54-A. Delegation of powers
54-AA. Power of Bank to depute its employees to other institutions
55. Reports by the Bank. Power to require declaration as to ownership of registered shares
56. Reports by the Bank. Power to require declaration as to ownership of registered shares
57. Liquidation of the Bank
58. Power of the Central Board to make regulations
58-A. Protection of action taken in good faith
   
  CHAPTER V - PENALTIES
58-B. Penalties
58-C. Offences by companies
58-D. Application of section 58B barred
58-E. Cognizance of offences
58-F. Application of fine
58-G. Power of Bank to impose fine
59. Repealed
60. Repealed
61. Repealed
   
  FIRST SCHEDULE
  SECOND SCHEDULE
  THIRD SCHEDULE
  FOURTH SCHEDULE
  FIFTH SCHEDULE
 
 
 

 

 

Quick Links          
           
Family Laws Insurance Laws Environmental law Tax Law FDI  
Company Law Telecommunication Law Labour Laws Central Rules RBI  
Business & Commercial Laws Consumer laws Corporate laws Criminal laws SEBI  
Intellectual Property law Media & Press laws Pharma & Medical laws Property law FEMA  
Debt Recovery Laws Amendments Professional law Banking Laws Legal Links  
           
           
Partner Site

Adbeed.com India No 1 Business Directory and Classified Portal

 
 
 
 
 
 
   
 

 

 
   
   
   

Privacy PolicyDisclaimer | Link partners

Copyright @lawzonline.com