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Section 45ZF: Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee.

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

[45ZF. Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee.--No act or proceeding of the Monetary Policy Committee shall be invalid merely by reason of--

(a) any vacancy in, or any defect in the constitution of the Monetary Policy Committee; or

(b) any defect in the appointment of a person acting as a Member of the Monetary Policy Committee; or

(c) any irregularity in the procedure of the Monetary Policy Committee not affecting the merits of the case.]

Where this provision sits

ActThe Reserve Bank of India Act, 1934
Section45ZF
Marginal noteVacancies, etc., not to invalidate proceedings of Monetary Policy Committee.
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 28 of 2016. . Ins. by Act 28 of 2016, s. 222 (w.e.f. 27-6-2016).

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