Section 3: Establishment and incorporation of Reserve Bank.

The Reserve Bank of India Act, 1934Central Act · Act 2 of 1934

[3. Establishment and incorporation of Reserve Bank.--(1) A bank to be called the Reserve Bank of India shall be constituted for the purposes of taking over the management of the currency from the [Central Government] and of carrying on the business of banking in accordance with the provisions of this Act.

(2) The Bank shall be a body corporate by the name of the Reserve Bank of India, having perpetual succession and a common seal, and shall by the said name sue and be sued.

Where this provision sits

Act	The Reserve Bank of India Act, 1934
Section	3
Marginal note	Establishment and incorporation of Reserve Bank.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	4

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act 62 of 1948. . Subs. by Act 62 of 1948, s. 7 and the Schedule, for "SHARE CAPITAL" (w.e.f. 1-1-1949).
substituted. . Subs. by the M.O. 1937, for "G.G. in C.".

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