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Reserve_Bank_of_India_Act_1934

Section / Rule Number Content


20 Obligation of the Bank to transact Government business
20A Transaction of business for British Military Administration, Burma
21 Bank to have the right to transact Government business in India
21A Bank to transact Government business of States on agreement
21B Effect of agreements made between the Bank and certain States before the 1st November, 1956
22 Right to issue bank notes
23 Issue Department
24 Denominations of notes
25 Form of bank notes
26 Legal tender character of notes
26A Certain bank notes to cease to be legal tender
27 Re-issue of notes
28 Recovery of notes lost, stolen, mutilated or imperfect
28A Issue of special bank notes and special one rupee notes in certain cases
29 Bank exempt from stamp duty on bank notes
30 Powers of Central Government to supersede Central Board
31 Issue of demand bills and notes
32 Penalty
33 Assets of the Issue Department
34 Liabilities of the Issue Department
35 Initial assets and liabilities
36 Method of dealing with fluctuations in rupee coin assets
37 Suspension of assets requirements as to foreign securities
38 Obligations of Government and the Bank in respect of rupee coin
39 Obligation to supply different forms of currency
40 Transactions in foreign exchange
41 Obligation to buy sterling
41A Obligation to provide remittance between India and Burma
42 Cash reserves of scheduled banks to be kept with the Bank
43 Publication of consolidated statement by the Bank
43A Protection of action taken in good faith
44 Power to require returns from co-operative banks
45 Appointment of Agents

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