| 1 |
Short title, extent and commencement. | Read |
| 2 |
Definitions. | Read |
| 3 |
Establishment and incorporation of Reserve Bank. | Read |
| 4 |
Capital of the Bank. | Read |
| 5 |
[Omitted.]. | Read |
| 6 |
Offices, branches and agencies. | Read |
| 7 |
Management. | Read |
| 8 |
Composition of the Central Board, and term of office of Directors. | Read |
| 9 |
Local Boards, their constitution and functions. | Read |
| 10 |
Disqualifications of Directors and members of Local Boards. | Read |
| 11 |
Removal from and vacation of office. | Read |
| 12 |
Casual vacancies and absences. | Read |
| 13 |
Meetings of the Central Board. | Read |
| 14 |
[Omitted.]. | Read |
| 15 |
[Omitted.]. | Read |
| 16 |
[Omitted.]. | Read |
| 17 |
Business which the Bank may transact. | Read |
| 18 |
Power of direct discount. | Read |
| 18A |
Validity of loan or advance not to be questioned. | Read |
| 19 |
Business which the Bank may not transact. | Read |
| 20 |
Obligation of the Bank to transact Government business. | Read |
| 20A |
[Omitted.]. | Read |
| 21 |
Bank to have the right to transact Government business in India. | Read |
| 21A |
Bank to transact Government business of States on agreement. | Read |
| 21B |
Effect of agreements made between the Bank and certain States before the 1st November, 1956. | Read |
| 22 |
Right to issue bank notes. | Read |
| 22A |
Non-applicability of certain provisions to digital form of bank notes | Read |
| 23 |
Issue Department. | Read |
| 24 |
Denominations of notes. | Read |
| 25 |
Form of bank notes. | Read |
| 26 |
Legal tender character of notes. | Read |
| 26A |
Certain bank notes to cease to be legal tender. | Read |
| 27 |
Re-issue notes. | Read |
| 28 |
Recovery of notes lost, stolen, mutilated or imperfect. | Read |
| 28A |
Issue of special bank notes and special one rupee notes in certain cases. | Read |
| 29 |
Bank exempt from stamp duty on bank notes. | Read |
| 30 |
Powers of Central Government to supersede Central Board. | Read |
| 31 |
Issue of demand bills and notes. | Read |
| 32 |
[Omitted.]. | Read |
| 33 |
Assets of the Issue Department. | Read |
| 34 |
Liabilities of Issue Department. | Read |
| 35 |
[Omitted.]. | Read |
| 36 |
[Omitted.]. | Read |
| 37 |
Suspension of assets requirements as to foreign securities. | Read |
| 38 |
Obligations of Government and the Bank in respect of rupee coin. | Read |
| 39 |
Obligation to supply different forms of currency. | Read |
| 40 |
Transactions in foreign exchange. | Read |
| 41A |
[Omitted.]. | Read |
| 42 |
Cash reserves of scheduled banks to be kept with the Bank. | Read |
| 43 |
Publication of consolidated statement by the Bank. | Read |
| 43A |
Protection of action taken in good faith. | Read |
| 44 |
[Omitted.]. | Read |
| 45 |
Appointment of agents. | Read |
| 45A |
Definitions. | Read |
| 45B |
Power of Bank to collect credit information. | Read |
| 45C |
Power to call for returns containing credit information. | Read |
| 45D |
Procedure for furnishing credit information to banking companies. | Read |
| 45E |
Disclosure of information prohibited. | Read |
| 45F |
Certain claims for compensation barred. | Read |
| 45G |
[Omitted.]. | Read |
| 45H |
Chapter IIIB not to apply in certain cases. | Read |
| 45-I |
Definitions. | Read |
| 45-IA |
Requirement of registration and net owned fund. | Read |
| 45-IB |
Maintenance of percentage of assets. | Read |
| 45-IC |
Reserve fund. | Read |
| 45-ID |
Power of Bank to remove directors from office. | Read |
| 45-IE |
Supersession of Board of directors of non-banking financial company (Other than Government Company). | Read |
| 45J |
Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money. | Read |
| 45JA |
Power of Bank to determine policy and issue directions. | Read |
| 45K |
Power of Bank to collect information from non - banking institutions as to deposits and to give directions. | Read |
| 45L |
Power of Bank to call for information from financial institutions and to give directions. | Read |
| 45M |
Duty of non-banking institutions to furnish statements, etc., required by Bank. | Read |
| 45MA |
Powers and duties of auditors. | Read |
| 45MAA |
Power to take action against auditors. | Read |
| 45MB |
Power of Bank to prohibit acceptance of deposit and alienation of assets. | Read |
| 45MBA |
Resolution of non-banking financial company. | Read |
| 45MC |
Power of Bank to file winding up petition. | Read |
| 45N |
Inspection. | Read |
| 45NA |
Deposits not to be solicited by unauthorised person. | Read |
| 45NAA |
Power in respect of group companies. | Read |
| 45NB |
Disclosure of information. | Read |
| 45NC |
Power of Bank to exempt. | Read |
| 45-O |
Omitted. . | Read |
| 45P |
[Omitted.]. | Read |
| 45Q |
Chapter IIIB to override other laws. | Read |
| 45QA |
Power of Company Law Board to offer repayment of deposit. | Read |
| 45QB |
Nomination by depositors. | Read |
| 45R |
Interpretation. | Read |
| 45S |
Deposits not to be accepted in certain cases. | Read |
| 45T |
Power to issue search warrants. | Read |
| 45U |
Definitions. | Read |
| 45V |
Transactions in derivatives. | Read |
| 45W |
Power to regulate transactions in derivatives, money market instruments, etc. | Read |
| 45X |
Duty to comply with directions and furnish information. | Read |
| 45Y |
Joint Mechanism. | Read |
| 45Z |
Provisions of this Chapter to override other provisions of Act. | Read |
| 45ZA |
Inflation target. | Read |
| 45ZB |
Constitution of Monetary Policy Committee. | Read |
| 45ZC |
Eligibility and selection of Members appointed by Central Government. | Read |
| 45ZD |
Terms and conditions of appointment of Members of Monetary Policy Committee. | Read |
| 45ZE |
Removal of Members of Monetary Policy Committee. | Read |
| 45ZF |
Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee. | Read |
| 45ZG |
Secretary to Monetary Policy Committee. | Read |
| 45ZH |
Information for Monetary Policy Committee Members. | Read |
| 45Z-I |
Meetings of Monetary Policy Committee. | Read |
| 45ZJ |
Steps to be taken to implement decision of Monetary Policy Committee. | Read |
| 45ZK |
Publication of decisions. | Read |
| 45ZL |
Publication of proceedings of meeting of Monetary Policy Committee. | Read |
| 45ZM |
Monetary Policy Report. | Read |
| 45ZN |
Failure to maintain inflation target. | Read |
| 45ZO |
Power to make rules. | Read |
| 46 |
Contribution by Central Government to the Reserve Fund. | Read |
| 46A |
Contribution to National Rural Credit (Long Term Operations) Fund and Nation al Rural Credit (Stabilisation) Fund. | Read |
| 46C |
National Industrial Credit (Long Term Operations) Fund. | Read |
| 46D |
National Housing Credit (Long Term Operations) Fund. | Read |
| 47 |
Allocation of surplus profits. | Read |
| 48 |
Exemption of Banks from income-tax and super-tax. | Read |
| 49 |
Publication of Bank rate. | Read |
| 50 |
Auditors. | Read |
| 51 |
Appointment of special auditors by Government. | Read |
| 52 |
Powers and duties of auditors. | Read |
| 53 |
Returns. | Read |
| 54 |
Rural Credit and Development. | Read |
| 54A |
Delegation of powers. | Read |
| 54AA |
Power of Bank to depute its employees to other institutions. | Read |
| 55 |
[Omitted.]. | Read |
| 56 |
[Omitted.]. | Read |
| 57 |
Liquidation of the Bank. | Read |
| 57A |
Powers of Bank not to apply to International Financial Services Centre. | Read |
| 58 |
Power of the Central Board to make regulations. | Read |
| 58A |
Protection of action taken in good faith. | Read |
| 58B |
Penalties. | Read |
| 58C |
Offences by companies. | Read |
| 58D |
Application of section 58B barred. | Read |
| 58E |
Cognizance of offences. | Read |
| 58F |
Application of fine. | Read |
| 58G |
Power of Bank to impose fine. | Read |
| 59 |
[Repealed.]. | Read |
| 60 |
[Repealed.]. | Read |
| 61 |
[Repealed.]. | Read |
