Reserve Bank of India Act,1934
Act No : 2
Section : Effect of agreements made between the Bank and certain States before the 1st November, 1956
6*[21B. Effect of agreements made between the Bank and certain States before the 1st November, 1956.- (1) Any agreement made under section 21 or section 21A between the Bank and the Government of a State specified in the Explanation below and in force immediately before the 1st day of November, 1956, shall, as from that day have effect as if it were an agreement made on that day under section 21A between the Bank and the Government of the corresponding State subject to such modifications, if any, being of a character not affecting the general operation of the agreement, as may be agreed upon between the Bank and the Government of the corresponding State, or in default of such agreement as may be made therein by order of the Central Government. Explanation.--In this sub-section "corresponding State" means,-- (a) in relation to the agreement between the Bank and the State of Andhra, the State of Andhra Pradesh; (b) in relation to the agreement between the Bank and any other Part A State as it existed before the 1st day of November, 1956, the State with the same name; and ---------------------------------------------------------------------- 1. Subs. by Act 37 of 1956, s. 104, for the original sub-section (w.e.f. 1-11-1956). 2. Sub-section (5) ins. by Act 32 of 1951, s. 11, omitted by s. 104, ibid. (w.e.f. 1-11-1956). 3. Ins. by Act 32 of 1951, s. 12. 4. The word and letter "Part B" omitted by Act 37 of 1956, s. 104 (w.e.f. 1-11-1956). 5. Certain words ins. by Act 55 of 1969, s. 75 (w.e.f. 2-4-1970) were omitted by Act 81 of 1971, s. 72 (w.e.f. 21-1-1972). 6. Ins. by Act 37 of 1956, s. 104 (w.e.f. 1-11-1956). 24M (c) in relation to the agreement between the Bank and the Part B State of Mysore or Travancore-Cochin as it existed before the 1st day of November, 1956, the State of Mysore or Kerala respectively. (2) Any agreement made under section 21A between the Bank and the Government of the Part B State of Hyderabad, Madhya Bharat or Saurashtra shall be deemed to have terminated on the 31st day of October, 1956.]
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