CourtMesh

Section 9: Local Boards, their constitution and functions.

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

[9. Local Boards, their constitution and functions.--(1) A Local Board shall be constituted for each of the four areas specified in the First Schedule and shall consist of five members to be appointed by the Central Government to represent, as far as possible, territorial and economic interests and the interests of co-operative and indigenous banks.

(2) The members of the Local Board shall elect from amongst themselves one person to be the chairman of the Board.

[(3) Every member of a Local Board shall hold office for a term of four years and [shall be eligible for reappointment:

Provided that any such member shall not be appointed for more than two terms, that is, for a maximum period of eight years either continuously or intermittently].]

(4) A Local Board shall advise the Central Board on such matters as may be generally or specifically referred to it and shall perform such duties as the Central Board may delegate to it.]

Where this provision sits

ActThe Reserve Bank of India Act, 1934
Section9
Marginal noteLocal Boards, their constitution and functions.
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.

  • substituted, Act 62 of 1948. . Subs. by Act 62 of 1948, s. 7 and the Schedule, for section 9 (w.e.f. 1-1-1949).
  • substituted, Act 51 of 1974. . Subs. by Act 51 of 1974, s. 5, for sub-section (3) (w.e.f. 13-12-1974).
  • substituted, Act 4 of 2013. . Subs. by Act 4 of 2013, s. 17 and the Schedule, for "thereafter until his successor shall have been appointed and shall be eligible for reappointment" (w.e.f. 18-1-2013).

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Reserve Bank of India Act, 1934 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.