Reserve Bank of India Act : Allocation of surplus profits Indian Bare Acts :

Reserve Bank of India Act,1934

Act No : 2

Section : Allocation of surplus profits

6*[47. Allocation of surplus profits.- After making provision for bad and doubtful debts, depreciation in assets, contributions to staff and superanuation funds 7*[and for all other matters for which provision is to be made by or under this Act or which] are usually provided for by bankers, the balance of the profits shall be paid to the Central Government.]