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Скачать или смотреть Reserve Bank of India Act, 1934 | Monetary Policy Committee, Penalties, Joint Mechanism | Part-4

  • Teach Me Legal
  • 2025-08-17
  • 305
Reserve Bank of India Act, 1934 | Monetary Policy Committee, Penalties, Joint Mechanism | Part-4
banking lawHistory & Purpose of the RBI ActPowers & Functions of RBI under the ActIncorporationCapitalManagement and Businessrbi act 1934CRRSLRINFLATIONNDTLREPO RATEFUNCTION OF. RBI
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CHAPTER IIIC
PROHINITION OF ACCEPTANCE OF DEPOSITS BY UNINCORPORATED BODIES
45R. Interpretation.
45S. Deposits not to be accepted in certain cases.
45T. Power to issue search warrants.

CHAPTER IIID
REGULATION OF TRANSACTIONS IN DERIVATIVES, MONEY MARKET INSTRUMENTS,
SECURITIES, ETC.
45U. Definitions.
45V. Transactions in derivatives.
45W. Power to regulate transactions in derivatives, money market instruments, etc.
45X. Duty to comply with directions and furnish information.

CHAPTER IIIE
JOINT MECHANISM
45Y. Joint Mechanism.

CHAPTER IIIF
MONETARY POLICY
45Z. Provisions of this Chapter to override other provisions of Act.
45ZA. Inflation target.
45ZB. Constitution of Monetary Policy Committee.
45ZC. Eligibility and selection of Members appointed by Central Government.
45ZD. Terms and conditions of appointment of Members of Monetary Policy Committee.
45ZE. Removal of Members of Monetary Policy Committee.
45ZF. Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee.
45ZG. Secretary to Monetary Policy Committee.
45ZH. Information for Monetary Policy Committee Members.
45Z-I. Meetings of Monetary Policy Committee.
45ZJ. Steps to be taken to implement decision of Monetary Policy Committee.
45ZK. Publication of decisions.
45ZL. Publication of proceedings of meeting of Monetary Policy Committee.
45ZM. Monetary Policy Report.
45ZN. Failure to maintain inflation target.
45ZO. Power to make rules.

CHAPTER IV
GENERAL PROVISIONS
46. Contribution by Central Government to the Reserve Fund.
46A. Contribution to National Rural Credit (Long Term Operations) Fund and National Rural Credit
(Stabilisation) Fund.
46C. National Industrial Credit (Long Term Operations) Fund.
46D. National Housing Credit (Long Term Operations) Fund.
47. Allocation of surplus profits.
48. Exemption of Banks from income-tax and super-tax.
49. Publication of Bank rate.
50. Auditors.
51. Appointment of special auditors by Government.
52. Powers and duties of auditors.
53. Returns.
54. Rural Credit and Development.
54A. Delegation of powers.
54AA. Power of Bank to depute its employees to other institutions.
55. [Omitted.].
56. [Omitted.].
57. Liquidation of the Bank.
57A. Powers of Bank not to apply to International Financial Services Centre.
58. Power of the Central Board to make regulations.
58A. Protection of action taken in good faith.

CHAPTER V
PENALTIES
58B. Penalties.
58C. Offences by companies.
58D. Application of section 58B barred.
58E. Cognizance of offences.
58F. Application of fine.
58G. Power of Bank to impose fine.
59. [Repealed.].
60. [Repealed.].
61. [Repealed.].
THE FIRST SCHEDULE.
THE SECOND SCHEDULE.

No legal jargon — just clear explanations with examples so that even beginners can follow.

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