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Section 45ZO: Power to make rules.

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

[45ZO. Power to make rules.--(1) The Central Government may, by notification in the Official Gazette, make rules for the purpose of carrying out the provisions of this Chapter.

(2) In particular and without prejudice to the generality of the foregoing power, such rules may provide for--

(a) the procedure of functioning of the Search-cum-Selection Committee under sub-section (3) of section 45ZC;

(b) the terms and conditions of appointment, (other than the remuneration and other allowances), of Members of the Monetary Policy Committee under sub-section (2) of section 45ZD; and

(c) any other matter which is to be, or may be, prescribed by the Central Government by rules.]

Where this provision sits

ActThe Reserve Bank of India Act, 1934
Section45ZO
Marginal notePower to make rules.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

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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