Section 37: Suspension of assets requirements as to foreign securities.

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

[37. Suspension of assets requirements as to foreign securities.--Notwithstanding anything contained in the foregoing provisions, the Bank may, with the previous sanction of the Central Government, for periods not exceeding six months in the first instance, which may, with the like sanction, be extended from time to time by period not exceeding three months at a time, hold as assets foreign securities of less amount in value than that required by sub-section (2) of section 33.

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Where this provision sits

Act	The Reserve Bank of India Act, 1934
Section	37
Marginal note	Suspension of assets requirements as to foreign securities.
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.

substituted, Act 38 of 1956. . Subs. by Act 38 of 1956, s. 4, for section 37 (w.e.f. 6-10-1956).
omitted, Act 48 of 1957. . The proviso omitted by Act 48 of 1957, s. 3 (w.e.f. 31-10-1957).

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