Section 38, Reserve Bank (Transfer of Public Ownership) Act, 1948 [S19-65J]

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 38, Reserve Bank (Transfer of Public Ownership) Act, 1948 [S19-65J]. Machine: S19-65J.

38. Power to exempt.—The Central Government may, if it is satisfied that it is necessary in the public interest so to do, by notification, exempt any class of depositors from all or any of the provisions of this Act, subject to such conditions, if any, as may be specified in the notification.

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