Reserve Bank of India Act, 1934
Section - 1 - Short title, extent and commencementSection - 2 - Definitions
Section - 3 - Establishment and incorporation of Reserve Bank
Section - 4 - Capital of the Bank
Section - 5 - Increase and reduction of share capital
Section - 6 - Offices, branches and agencies
Section - 7 - Management
Section - 8 - Composition of the Central Board and term of office of Directors
Section - 9 - Local Boards, their constitution and functions
Section - 10 - Disqualifications of Directors and members of Local Boards
Section - 11 - Removal from and vacation of office
Section - 12 - Casual vacancies and absences
Section - 13 - Meetings of the Central Board
Section - 14 - General
Section - 15 - First constitution of the Central
Section - 16 - First constitution of Local Board
Section - 17 - Business which the Bank may transact
Section - 18 - Power of direct discount
Section - 18A - Validity of loan or advance not to be questioned
Section - 19 - Business which the Bank may not transact
Section - 20 - Obligation of the Bank to transact Government business
Section - 20A - Transaction of business for British Military Administration, Burma
Section - 21 - Bank to have the right to transact Government business in India
Section - 21A - Bank to transact Government business of *** States on agreement
Section - 21B - Effect of agreements made between the Bank and certain States before the 1st November, 1956
Section - 22 - Right to issue bank notes
Section - 22A - Non-applicability of certain provisions to digital form of bank notes
Section - 23 - Issue Department
Section - 24 - Denominations of notes
Section - 25 - Form of bank notes
Section - 26 - Legal tender character of notes
Section - 26A - Certain bank notes to cease to be legal tender
Section - 27 - Re-issue of notes
Section - 28 - Recovery of notes lost, stolen, mutilated or imperfect
Section - 28A - Issue of special bank notes and special one rupee notes in certain cases
Section - 29 - Bank exempt from stamp duty on bank notes
Section - 30 - Powers of Central Government to supersede Central Board
Section - 31 - Issue of demand bills and notes
Section - 32 - Penalty
Section - 33 - Assets of the Issue Department
Section - 34 - Liabilities of the issue department
Section - 35 - Initial assets and liabilities
Section - 36 - Method of dealing with fluctuations in rupee coin assets
Section - 37 - Suspension of assets requirements as to foreign securities
Section - 38 - Obligations of Government and the Bank in respect of rupee coin
Section - 39 - Obligation to supply different forms of currency
Section - 40 - Transactions in foreign exchange
Section - 41A - Obligation to provide remittance between India and Burma
Section - 42 - Cash reserves of scheduled banks to be kept with the Bank
Section - 43 - Publication of consolidated statement by the Bank
Section - 43A - Protection of action taken in good faith
Section - 44 - Power to require returns from co-operative banks
Section - 45 - Appointment of agents
Section - 45A - Definitions
Section - 45B - Power of Bank to collect credit information
Section - 45C - Power to call for returns containing credit information
Section - 45D - Procedure for furnishing credit information to banking companies
Section - 45E - Disclosure of information prohibited
Section - 45F - Certain claims for compensation barred
Section - 45G - Penalties
Section - 45H - Chapter IIIB not to apply in certain cases
Section - 45-I - Definitions
Section - 45-IA - Requirement of registration and net owned fund
Section - 45-IB - Maintenance of percentage of assets
Section - 45-IC - Reserve fund
Section - 45-ID - Power of Bank to remove directors from office
Section - 45-IE - Supersession of Board of directors of non-banking financial company (other than Government Company)
Section - 45J - Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money
Section - 45JA - Power of Bank to determine policy and issue directions
Section - 45K - Power of Bank to collect information from non-banking institutions as to deposits and to give directions
Section - 45L - Power of Bank to call for information from financial institutions and to give directions
Section - 45M - Duty of non-banking institutions to furnish statements, etc., required by Bank
Section - 45MA - Powers and duties of auditors
Section - 45MAA - Power to take action against auditors
Section - 45MB - Power of Bank to prohibit acceptance of deposit and alienation of assets
Section - 45MBA - Resolution of non-banking financial company
Section - 45MC - Power of Bank to file winding up petition
Section - 45N - Inspection
Section - 45NA - Deposits not to be solicited by unauthorised persons
Section - 45NAA - Power in respect of group companies
Section - 45NB - Disclosure of information
Section - 45NC - Power of Bank to exempt
Section - 45-O - Penalties
Section - 45P - Cognisance of offence
Section - 45Q - Chapter IIIB to override other laws
Section - 45QA - Power of Company Law Board to order repayment of deposit
Section - 45QB - Nomination by depositors
Section - 45R - Interpretation
Section - 45S - Deposits not to be accepted in certain cases
Section - 45T - Power to issue search warrants
Section - 45U - Definitions
Section - 45V - Transactions in derivatives
Section - 45W - Power to regulate transactions in derivatives, money market instruments, etc
Section - 45X - Duty to comply with directions and furnish information
Section - 45Y - Joint Mechanism
Section - 45Z - Provisions of this Chapter to override other provisions of Act
Section - 45ZA - Inflation target
Section - 45ZB - Constitution of Monetary Policy Committee
Section - 45ZC - Eligibility and selection of Members appointed by Central Government
Section - 45ZD - Terms and conditions of appointment of Members of Monetary Policy Committee
Section - 45ZE - Removal of Members of Monetary Policy Committee
Section - 45ZF - Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee
Section - 45ZG - Secretary to Monetary Policy Committee
Section - 45ZH - Information for Monetary Policy Committee Members
Section - 45ZI - Meetings of Monetary Policy Committee
Section - 45ZJ - Steps to be taken to implement decision of Monetary Policy Committee
Section - 45ZK - Publication of decisions
Section - 45ZL - Publication of proceedings of meeting of Monetary Policy Committee
Section - 45ZM - Monetary Policy Report
Section - 45ZN - Failure to maintain inflation target
Section - 45ZO - Power to make rules
Section - 46 - Contribution by Central Government to the Reserve Fund
Section - 46A - Contribution to National Rural Credit (Long Term Operations) Fund and National Rural Credit (Stabilization) Fund
Section - 46B - ***
Section - 46C - National Industrial Credit (Long Term Operations) Fund
Section - 46D - National Housing Credit (Long-Term Operations) Fund
Section - 47 - Allocation of surplus profits
Section - 48 - Exemption of Bank from income-tax and super-tax
Section - 49 - Publication of Bank rate
Section - 50 - Auditors
Section - 51 - Appointment of special auditors by Government
Section - 52 - Powers and duties of auditors
Section - 53 - Returns
Section - 54 - Rural Credit and Development
Section - 54A - Delegation of powers
Section - 54AA - Power of bank to depute its employees to other institutions
Section - 55 - ***
Section - 56 - Power to require declaration as to ownership of registered shares
Section - 57 - Liquidation of the Bank
Section - 57A - Powers of Bank not to apply to International Financial Services Centre
Section - 58 - Power of the Central Board to make regulations
Section - 58A - Protection of action taken in good faith
Section - 58B - Penalties
Section - 58C - Offences by companies
Section - 58D - Application of section 58B barred
Section - 58E - Cognizance of offences
Section - 58F - Application of fine
Section - 58G - Power of Bank to impose fine
Section - 59 - Amendment of Act 3 of 1906
Section - 60 - Repeals
Section - 61 - Amendment of section 11, Act 7 of 1913
First Schedule - See section 9
Second Schedule - SCHEDULED BANKS
THIRD SCHEDULE-REPEALED - Omitted
FOURTH SCHEDULE-REPEALED - Omitted
FIFTH SCHEDULE-REPEALED - Omitted
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