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 45ZF: Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee.
    1[45ZF. Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee.--No act or proceeding of the Monetary Policy Committee shall be invalid merely by reason of--
         (a) any vacancy in, or any defect in the constitution of the Monetary Policy Committee; or
         (b) any defect in the appointment of a person acting as a Member of the Monetary Policy Committee; or
         (c) any irregularity in the procedure of the Monetary Policy Committee not affecting the merits of the case.]
Notes:
1. Ins. by Act 28 of 2016, s. 222 (w.e.f. 27-6-2016).
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