Act Number: 2

Act Name: The Reserve Bank of India Act, 1934

Year: 1934

Enactment Date: 1934-03-06

Long Title: An Act to Constitute a Reserve Bank of India.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 45NC: Power of Bank to exempt.
    The Bank, on being satisfied that it is necessary so to do, may declare by notification in the Official Gazette that any or all of the provisions of this Chapter shall not apply to a non-banking institution or a class of non-banking institutions or a non-banking financial company or to any class or non-banking financial companies either generally or for such period as may be specified, subject to such conditions, limitations or restrictions as it may think fit to impose.]
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