Section 30, International Monetary Fund and Bank Act, 1945 [S18-S6F]
As at 6 September 2026. In force from 25 October 1945.
30. Power to issue directions.—(1) The Reserve Bank may, by order in writing, direct any secured creditor to take such measures in relation to the enforcement of security interest as may be specified in the order, and such person shall comply with the direction within the period specified therein. (2) An order under sub-section (1) shall state the reasons on which it is made and shall be served on the person to whom it is addressed in such manner as may be prescribed.
Defined terms in this text (2)
Reserve Bank: Section 2, International Monetary Fund and Bank Act, 1945 [S18RAK] (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, International Monetary Fund and Bank Act, 1945 [S18RAK] (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)
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Cited by (0)
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Not held (0)
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Duties published under this section (0)
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