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 45MAA: Power to take action against auditors.
    1[45MAA. Power to take action against auditors. -- Where any auditor fails to comply with any direction given or order made by the Bank under section 45MA, the Bank, may, if satisfied, remove or debar the auditor from exercising the duties as auditor of any of the Bank regulated entities for a maximum period of three years, at a time.]
Notes:
1. Ins. by Act 23 of 2019, s. 139 (w.e.f. 9-8-2019).
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