Section 2, Revenue Recovery Act, 1890 [S14-V9P]

As at 7 September 2026. In force from 24 June 1891 by S.O. 3806(E) [N11-BPK].

In Revenue Recovery Act, 1890 [A10-5XW]. This text from 24 June 1891. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 2, Revenue Recovery Act, 1890 [S14-V9P]. Machine: S14-V9P.

2. Definitions.—In this Act, unless the context otherwise requires,— (a) "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise; (b) "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934); (c) "financial institution" means a financial institution as defined in clause (c) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934); (d) "borrower" means any person who has been granted financial assistance by any bank or financial institution or who has given any guarantee or created any mortgage or pledge as security for the financial assistance granted; (e) "security interest" means right, title or interest of any kind upon property created in favour of a secured creditor; (f) "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly; (g) "prescribed" means prescribed by rules made under this Act.

Defined terms in this text (5)

banking: Section 2, Revenue Recovery Act, 1890 [S14V9P] (In this Act, unless the context otherwise requires,—): "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise

banking: 27 more definitions.

borrower: Section 2, Revenue Recovery Act, 1890 [S14V9P] (In this Act, unless the context otherwise requires,—): "borrower" means any person who has been granted financial assistance by any bank or financial institution or who has given any guarantee or created any mortgage or pledge as security for the financial assistance granted

borrower: 25 more definitions.

financial institution: Section 2, Revenue Recovery Act, 1890 [S14V9P] (In this Act, unless the context otherwise requires,—): "financial institution" means a financial institution as defined in clause (c) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934)

financial institution: 25 more definitions.

Reserve Bank: Section 2, Revenue Recovery Act, 1890 [S14V9P] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)

Reserve Bank: 24 more definitions.

security interest: Section 2, Revenue Recovery Act, 1890 [S14V9P] (In this Act, unless the context otherwise requires,—): "security interest" means right, title or interest of any kind upon property created in favour of a secured creditor

security interest: 17 more definitions.

Made under this section, or naming it (0)

none

Cited by (0)

none

Not held (1)

"section 3 of the Reserve Bank of India Act, 1934"

Duties published under this section (0)

none