(1) The Liabilities of the Issue Department shall be an amount equal to the total of the amount of the currency notes of the Government of India and bank notes for the time being in circulation.
* * * * *
* * * * *
Section 34: Liabilities of Issue Department.
The Reserve Bank of India Act, 1934Central Act · Act 2 of 1934
Where this provision sits
| Act | The Reserve Bank of India Act, 1934 |
|---|---|
| Section | 34 |
| Marginal note | Liabilities of Issue Department. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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.
- omitted, Act 55 of 1963. . Sub-section (2) omitted by Act 55 of 1963, s. 2 (w.e.f. 1-2-1964).
- inserted. . Sub-section (3) omitted by s. 2, ibid. (w.e.f. 1-2-1964) which was earlier inserted by the M.O. 1937.
Find the provision, not just read it
The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:
- Search 49,000+ Central and State enactments by what a provision says, not by its number
- Jump from any section to every judgment that has applied it
- Search 300 million+ Indian court records alongside the statute
- Ask a research agent to find and read the case law on a provision for you
Free account. No card. About a minute to create.
Create a free accountNeed this as data, not as a page? The Reserve Bank of India Act, 1934 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.