LawgistThe Reserve Bank of India Act
6Offices, branches and agencies
The Bank shall, as soon as may be, establish offices in Bombay, Calcutta, 1[Delhi and Madras] 2*** and may establish branches or agencies in any other place in India 3*** or, with the previous sanction of the 4[Central Government] elsewhere.
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1. Subs. by Act 11 of 1947, s. 5, for "Delhi, Madras and Rangoon" (w.e.f. 1-4-1947).
2. The words "and a branch in London" omitted by Act 24 of 1955, s. 3 (w.e.f. 8-5-1955).
3. The words "or Burma" omitted by Act 11 of 1947, s. 5 (w.e.f. 1-4-1947) which was earlier inserted by the M.O. 1937.
4. Subs. by the M.O. 1937, for "G.G. in C.".
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
