INDIA CODE
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Notification S.O. 2003(E), dated 18th May, 1972 [N11-WSV]

As at 7 September 2026. In force from 18 May 1972.

Dates: made 18 May 1972; in force 18 May 1972; ceased none recorded. Gazette: none recorded. Band A.

Synthetic. This instrument and its words are generated by the register beneath an Act whose title, number and year are real.

Cite: Notification S.O. 2003(E), dated 18th May, 1972, S.O. 2003(E) [N11-WSV]. Machine: N11-WSV.

S.O. 2003(E).—In exercise of the powers conferred by section 10 of the Asian Development Bank Act, 1966 (18 of 1966), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts financials institution whose the making of deposits does not exceed fifty thousand rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Reserve Bank in writing of the commencement of the making of deposits within sixty days of such commencement.

Made under

Recital: "In exercise of the powers conferred by section 10 of the Asian Development Bank Act, 1966 (18 of 1966), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Asian Development Bank Act, 1966 (18 of 1966) [S1J-T49]. Vires verified.

Acts on (1)

Exempts Section 4, Asian Development Bank Act, 1966 [S1J-SYM], 18 May 1972. "section 4 of the said Act".

Acted on by (0)

none

Not held (0)

none

Notification S.O. 2003(E), dated 18th May, 1972 [N11-WSV]