Reserve Bank of India Act, 1934
Section - 46C - National Industrial Credit (Long Term Operations) Fund
[National Industrial Credit (Long Term Operations) Fund.46C. (1) The Bank shall establish and maintain a Fund to be known as the National Industrial Credit (Long Term Operations) Fund to which shall be credited-
Provided that the annual contribution during each of the five years commencing with the year ending on the 30th day of June, 1965 shall not be less than five crores of rupees :Provided further that the Central Government may, if the circumstances so require, authorise the Bank to reduce the said sum of five crores of rupees in any year.(2) The amount in the said fund shall be applied by the Bank only to the following objects, namely :-
| (a) | - | an initial sum of ten crores of rupees by the Bank, |
| (b) | - | such further sums of money as the Bank may contribute every year : |
| (a) | - | [***] |
.... To read the full section download the app from Google Play store
ARTICLESHIP
07 September 2026
CA ArticlesKothari Jain Patil & Chartered Accountants Pune CA Inter View Details
Featured
11 September 2026
Audit ExecutiveRBSM Corporate Advisors Private Limited Pune CA View Details
ARTICLESHIP
17 August 2026
Article AssistantK R Kiran Kumar & Associates Bengaluru CA Inter View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGERAnupam Parashar & Co. Ghaziabad CA Final View Details
CCI
Pro
|
CAclubindia
