Section 39, Fiscal Responsibility and Budget Management Act, 2003 [S21-EZS]

As at 7 September 2026. In force from 5 August 2003.

In Fiscal Responsibility and Budget Management Act, 2003 [A11-8JV]. This text from 5 August 2003. 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 39, Fiscal Responsibility and Budget Management Act, 2003 [S21-EZS]. Machine: S21-EZS.

39. Registration of financials institution.—(1) Every financial institution shall, within sixty days from the commencement of this Act or, where such person begins the business of a financial institution after such commencement, within sixty days from the date of such beginning, make an application for registration to the Reserve Bank in Form A, accompanied by a fee of five hundred rupees. (2) The Reserve Bank shall, on being satisfied that the application is in order, register the applicant and issue a certificate of registration in such form as may be prescribed. (3) No financial institution shall carry on the business of a financial institution unless registered under this section.

Defined terms in this text (2)

financial institution: Section 2, Fiscal Responsibility and Budget Management Act, 2003 [S21DTZ] (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, Fiscal Responsibility and Budget Management Act, 2003 [S21DTZ] (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.

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