RESERVE BANK OF INDIA ACT, 1934

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S.1 Short title, extent and commencement

S.2 Definitions

S.3 Establishment and incorporation of Reserve Bank

S.4 Capital of the Bank

S.5 Increase and reduction of share capital

S.6 Offices, branches and agencies

S.7 Management

S.8 Composition of the Central Board, and term of office of Direc­tors

S.9 Local Boards, their constitution and functions

S.10 Disqualifications of Directors and members of Local Boards

S.11 Removal from and vacation of office

S.12 Casual vacancies and absences

S.13 Meetings of the Central Board

S.14 General meetings

S.15 First constitution of the Central Board

S.16 First constitution of local board

S.17 Business which the Bank may transact

S.18 Power of direct discount

S.18(a) Validity of loan or advance not to be questioned

S.19 Business which the Bank may not transact

S.20 Obligation of the Bank to transact Government business

S.21(b) Effect of agreements made between the Bank and certain States before the 1st November, 1956

S.21 Bank to have the right to transact Government business in India

S.21(a) Bank to transact Government business of States on agree­ment

S.22 Right to issue bank notes

S.23 Issue Department

S.24 Denominations of notes

S.25 Form of bank notes

S.26 Legal tender character of notes

S.26(a) Certain bank notes to cease to be legal tender

S.27 Re-issue notes

S.28 Recovery of notes lost, stolen, mutilated or imperfect

S.28(a) Issue of special bank notes and special one rupee notes in certain cases

S.29 Bank exempt from stamp duty on bank notes

S.30 Powers of Central Government to supersede Central Board

S.31 Issue of demand bills and notes

S.32 Penalty

S.33 Assets of the Issue Department

S.34 Liabilities of Issue Department

S.35 Initial assets and liabilities

S.36 Method of dealing with fluctuations in rupee coin assets

S.37 Suspension of assets requirements as to foreign securities

S.38 Obligations of Government and the Bank in respect of rupee coin

S.39 Obligation to supply different forms of currency

S.40 Transactions in foreign exchange

S.41(a) Obligation to provide remittance between India and Burma

S.42 Cash reserves of scheduled banks to be kept with the Bank

S.43 Publication of consolidated statement by the Bank

S.43(a) Protection of action taken in good faith

S.44 Power to require returns from co-operative banks

S.45(p) Cognizance of offencs

S.45(o) Penalties

S.45(n) Power of Bank to exempt

S.45(m) Duty of non-banking institutions to furnish statements, etc., required by Bank

S.45(l) Power of Bank to call for information from financial institutions and to give directions

S.45(k) Power of Bank to collect information from non-banking insti­tutions as to deposits and to give directions

S.45(j) Power of Bank to determine policy and issue directions

S.45(i) Reserve fund

S.45(h) Chapter IIIB not to apply in certain cases

S.45(g) Penalties

S.45(f) Certain claims for compensation barred

S.45(e) Disclosure of information prohibited

S.45(d) Procedure for furnishing credit information to banking companies

S.45(c) Power to call for returns containing credit information

S.45(b) Power of Bank to collect credit information

S.45 Appointment of agents

S.45(a) Definitions

S.45(x) Duty to comply with directions and furnish information

S.45(w) Power to regulate transactions in derivatives, money market instruments, etc

S.45(v) Transactions in derivatives

S.45(u) Definitions

S.45(t) Power to issue search warrants

S.45(s) Deposits not to be accepted in certain cases

S.45(r) Interpretation

S.45(q) Chapter IIIB to override other laws

S.46(d) National Housing Credit (Long Term Operations) Fund

S.46 Contribution by Central Government to the Reserve Fund

S.46(c) National Industrial Credit (Long Term Operations) Fund

S.46(a) Contribution to National Rural Credit (Long Term Opera­tions) Fund and National Rural Credit (Stabilisation) Fund

S.47 Allocation of surplus profits

S.8 Composition of the Central Board, and term of office of Directors

S.21(a) Bank to transact Government business of States on agreement

S.45(k) Power of Bank to collect information from non-banking institutions as to deposits and to give directions

S.46(a) Contribution to National Rural Credit (Long Term Operations) Fund and National Rural Credit (Stabilisation) Fund

S.54(a) Power of Bank to depute its employees to other institutions

S.61 Amendment of section II, Act VII of 1913