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The Reserve Bank (Transfer to Public Ownership) Act, 1948

Central

An Act to bring the share capital of the Reserve Bank of India into public ownership and to make consequential amendments in the Reserve Bank of India Act, 1934.

Act number
62 of 1948
Ministry
Ministry of Finance
Department
Department of Financial Services
Enacted
23 Sep 1948

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

7 sections

  1. Section 1Short title.
  2. Section 2Definitions.
  3. Section 3Transfer of Bank shares
  4. Section 4Vacation of office by existing office bearers.
  5. Section 5Interim arrangements.
  6. Section 6Rule-making power.
  7. Section 7Repealed.