Lawgist logo - L! Lawgist.
The Reserve Bank of India Act

38Obligations of Government and the Bank in respect of rupee coin

The 1[Central Government] shall undertake not 2*** to put into circulation any rupees, except through the Bank, 3*** and the Bank shall undertake not to dispose of rupee coin otherwise than for the purposes of circulation 4***.

Download our fully-offline, High speed android app.- Click here

1. Subs. by the M.O. 1937, for "G.G. in C".

2. The words and figures "to re-issue any rupee coin delivered under section 36 nor" omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2- 1964).

3. The words "and as provided in that section" omitted by Ordinance 4 of 1940, s. 3.

4. The words "or by delivery to the Central Government under that sections" omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2-1964).

Download the App Now!

Get our Android app for fast and offline Access.

Get it on Google Play
Lawgist is not a law firm and does not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and are not intended to be a substitute for professional legal advice. Use of this site is subject to our Terms and Conditions, Disclaimer, and Privacy Policy.About Us Made in ♥ with India, Internet and Lots of Courtroom Dramas