Rajeev & Associates


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Reserve_Bank_of_India_Act_1934

Section / Rule Number Content


3 Establishment and incorporation of Reserve Bank
4 Capital of the Bank
5 Increase and reduction of share capital
6 Offices, branches and agencies
7 Management
8 Composition of the Central Board, and term of office of Directors
9 Local Boards, their constitution and functions
10 Disqualifications of Directors and members of Local Boards
11 Removal from and vacation of office
12 Casual Vacancies and absences
13 Meetings of the Central Board
14 to 16 Omitted
17 Business which the Bank may transact
18 Power of direct discount
18A Validity of loan or advance not to be questioned
19 Business which the Bank may not transact

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