Reserve Bank of India Act, 1934

Increase and reduction of share capital [Repealed by the Reserve Bank (Transfer to Public Ownership) Act, 1948 w.e.f. 1-1-1949.]

Capital of the Bank The capital of the Bank shall be five crores of rupees.

Establishment and incorporation of Reserve Bank (1) A bank to be called the Reserve Bank of India shall be constituted for the purposes of taking over the management of the currency from the Central Government and of carrying on the business of banking in accordance with the provisions of this Act.  (2) The Bank shall

Definitions In this Act, unless there is anything repugnant in the subject or context,— (a)   [***] [(ai)]   [***] [(aii)]   “the Bank” means the Reserve Bank of India constituted by this Act; [(aiii)   “Bank for International Settlements” means the body corporate established with the said name under the law of Switzerland in

Short title, extent and commencement (1) This Act may be called the Reserve Bank of India Act, 1934. (2) It extends to the whole of India [***]. (3) This section shall come into force at once, and the remaining provisions of this Act shall come into force on such date or dates as the Central Government may,