The [Central Government] shall undertake not *** to put into circulation any rupees, except through the Bank, *** and the Bank shall undertake not to dispose of rupee coin otherwise than for the purposes of circulation ***.
Section 38: Obligations of Government and the Bank in respect of rupee coin.
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 | 38 |
| Marginal note | Obligations of Government and the Bank in respect of rupee coin. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 1 |
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. . Subs. by the M.O. 1937, for "G.G. in C".
- omitted, Act 55 of 1963. . The words and figures "to re-issue any rupee coin delivered under section 36 nor" omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2- 1964).
- omitted, Ordinance 4 of 1940. . The words "and as provided in that section" omitted by Ordinance 4 of 1940, s. 3.
- omitted, Act 55 of 1963. . The words "or by delivery to the Central Government under that sections" omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2-1964).
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