LawgistThe Reserve Bank of India Act
4Capital of the Bank
1[4. Capital of the Bank.--The capital of the Bank shall be five crores of rupees.]
Download our fully-offline, High speed android app.- Click here
1. Subs. by Act 62 of 1948, s. 7 and the Schedule, for section 4 (w.e.f. 1-1-1949).
INCORPORATION, CAPITAL, MANAGEMENT AND BUSINESS
- 3 Establishment and incorporation of Reserve Bank
- 4 Capital of the Bank
- 5 [Omitted.]
- 6 Offices, branches and agencies
- 7 Management
- 8 Composition of the Central Board, and term of office of Directors
- 9 Local Boards, their constitution and functions
- 10 Disqualifications of Directors and members of Local Boards
- 11 Removal from and vacation of office
- 12 Casual vacancies and absences
- 13 Meetings of the Central Board
- 14 [Omitted.]
- 15 [Omitted.]
- 16 [Omitted.]
- 17 Business which the Bank may transact
- 18 Power of direct discount
- 18A Validity of loan or advance not to be questioned
- 19 Business which the Bank may not transact
