Reserve Bank of India Act,1934

Act No : 2

---

Section : Publication of bank rate

49. Publication of bank rate.- The Bank shall make public from time to time the standard rate at which it is prepared to buy or re- discount bills of exchange or other commercial paper eligible for purchase under this Act. ---------------------------------------------------------------------- 1. Certain words omitted by Act of 1978, 7 (w.e.f. 21-7-1978). 2. Ins. by Act 28 of 1981, s. 40 And sch II (w.e.f. 1-1-1982). 3. Ins. by Act 62 of 1984 s. 71 And Sch. III (w.e.f. 20-3-1985). 4. Ins. by Act 39 of 1989, s. 53 And 2nd Sch. (w.e.f. 7-3-1990). 5. Ins. by Act 53 of 1987, s. 56 and Sch. II (w.e.f. 9-7-1988). 6. Subs. by Act 62 of 1948, s. 7 and Sch., for the former section (w.e.f. 1-1-1949). 7. Subs. by Act 24 of 1955 s. 8, for "and such other contingencies as". 8. Subs. by Act 24 of 1978, s. 8, for "the Indian Income-tax Act 1922 11 of 1922)" (w.e.f. 1-1-1949). 9. The proviso and sub-section (2) were rep. by Act 62 of 1948, s. 7 and Sch. (w.e.f. 1-1-1949). 42J

---

Read All Comments

Comments

Quick Links

• Recent Comments
• Recent Citations
• Bare Acts Alphabetically