Section 5, Reserve Bank (Transfer of Public Ownership) Act, 1948 [S19-54W]

As at 7 September 2026. In force from 15 January 1948.

In Reserve Bank (Transfer of Public Ownership) Act, 1948 [A10-BS9]. This text from 15 January 1948. 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 5, Reserve Bank (Transfer of Public Ownership) Act, 1948 [S19-54W]. Machine: S19-54W.

5. Prohibition of the enforcement of security interest without licence.—No person shall undertake the enforcement of security interest except under and in accordance with the conditions of a licence granted under section 6: Provided that nothing in this section shall apply to the enforcement of security interest undertaken by or on behalf of the Central Government or a State Government.

Defined terms in this text (0)

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Made under this section, or naming it (0)

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Cited by (1)

Section 53, Reserve Bank (Transfer of Public Ownership) Act, 1948 [S19-6MN], 15 January 1948, Band A. "section 5".

Not held (0)

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Duties published under this section (0)

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