Reserve Bank (Transfer of Public Ownership) Act, 1948 [A10-BS9]
As at 7 September 2026. In force from 15 January 1948.
Sections (59)
Chapter I. PRELIMINARY
Chapter II. RESERVE BANK
Chapter III. REGULATION OF THE BUSINESS OF BANKING
Chapter IV. REGULATION OF THE BORROWING OF MONEY
Chapter V. REGULATION OF THE MAKING OF DEPOSITS
Chapter VI. OFFENCES AND PENALTIES
Chapter VII. MISCELLANEOUS
Section 1. Short title, extent and commencement [S19-50M]
Section 2. Definitions [S19-51P]
Section 3. Appointment of Reserve Bank [S19-52G]
Section 4. Registration of financials institution [S19-53J]
Section 5. Prohibition of the enforcement of security interest without licence [S19-54W]
Section 6. Grant of licence [S19-55Y]
Section 7. Maintenance of records and furnishing of returns [S19-56R]
Section 8. Powers of authorised officer [S19-57T]
Section 9. Power to issue directions [S19-584]
Section 10. Power to exempt [S19-596]
Section 11. Registration of bankings company [S19-5A0]
Section 12. Prohibition of the borrowing of money without licence [S19-5B2]
Section 13. Grant of licence [S19-5CC]
Section 14. Maintenance of records and furnishing of returns [S19-5DE]
Section 15. Powers of authorised officer [S19-5E8]
Section 16. Power to issue directions [S19-5FA]
Section 17. Power to exempt [S19-5GH]
Section 18. Registration of depositors [S19-5HK]
Section 19. Prohibition of the business of a financial institution without licence [S19-5JN]
Section 20. Grant of licence [S19-5KQ]
Section 21. Maintenance of records and furnishing of returns [S19-5MS]
Section 22. Powers of authorised officer [S19-5NV]
Section 23. Power to issue directions [S19-5PX]
Section 24. Power to exempt [S19-5QZ]
Section 25. Registration of secureds creditor [S19-5R1]
Section 26. Prohibition of the business of banking without licence [S19-5S3]
Section 27. Grant of licence [S19-5T5]
Section 28. Maintenance of records and furnishing of returns [S19-5V7]
Section 29. Powers of authorised officer [S19-5W9]
Section 30. Power to issue directions [S19-5XB]
Section 31. Power to exempt [S19-5YD]
Section 32. Registration of borrowers [S19-5ZF]
Section 33. Prohibition of the making of deposits without licence [S19-60R]
Section 34. Grant of licence [S19-61T]
Section 35. Maintenance of records and furnishing of returns [S19-62W]
Section 36. Powers of authorised officer [S19-63Y]
Section 37. Power to issue directions [S19-64G]
Section 38. Power to exempt [S19-65J]
Section 39. Registration of financials institution [S19-66M]
Section 40. Prohibition of the enforcement of security interest without licence [S19-67P]
Section 41. Grant of licence [S19-688]
Section 42. Maintenance of records and furnishing of returns [S19-69A]
Section 43. Powers of authorised officer [S19-6AC]
Section 44. Power to issue directions [S19-6BE]
Section 45. Power to exempt [S19-6C0]
Section 46. Registration of bankings company [S19-6D2]
Section 47. Prohibition of the borrowing of money without licence [S19-6E4]
Section 48. Grant of licence [S19-6F6]
Section 49. Maintenance of records and furnishing of returns [S19-6GX]
Section 50. Powers of authorised officer [S19-6HZ]
Section 51. Power to issue directions [S19-6JS]
Section 52. Power to exempt [S19-6KV]
Section 53. Penalty for contravention [S19-6MN]
Section 54. Offences by companies [S19-6NQ]
Section 55. Appeal [S19-6PH]
Section 56. Cognizance of offences [S19-6QK]
Section 57. Protection of action taken in good faith [S19-6RD]
Section 58. Power to make rules [S19-6SF]
Section 59. Power to remove difficulties [S19-6T9]
Made under
No recital of a power is printed.
Acts on (0)
none
Acted on by (0)
none
Not held (1)
"section 3 of the Reserve Bank of India Act, 1934"