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Section 45MAA: Power to take action against auditors.

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

[45MAA. Power to take action against auditors. -- Where any auditor fails to comply with any direction given or order made by the Bank under section 45MA, the Bank, may, if satisfied, remove or debar the auditor from exercising the duties as auditor of any of the Bank regulated entities for a maximum period of three years, at a time.]

Where this provision sits

ActThe Reserve Bank of India Act, 1934
Section45MAA
Marginal notePower to take action against auditors.
JurisdictionCentral
StatusIn 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.

  • inserted, Act 23 of 2019. . Ins. by Act 23 of 2019, s. 139 (w.e.f. 9-8-2019).

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