Parliament of the Republic of India - Reserve Bank of India Act, 1934, As Amended up to January 7, 2013

This is an act by the Parliament of the Republic of India to constitute the Reserve Bank of India; to regulate the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India; and generally to operate the currency any credit system of the country to its advantage. The act outlines provisions for the following topics:

1. Incorporation, Capital, Management and Business
2. Collection and Furnishing of Credit Information Provisions
3. Relating to Non-Banking Institutions Receiving Deposits and Financial Institutions
4. Prohibition of Acceptance of Deposits by Unincorporated Bodies
5. Regulation of Transactions in Derivatives, Money Market Instruments, Securities, Etc.
6. Penalties

 

Document Details

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2013
Date of Document: 
Monday, January 7, 2013
Document Authors: 
Parliament of the Republic of India

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