Section 47, Fiscal Responsibility and Budget Management Act, 2003 [S21-F78]

As at 6 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 47, Fiscal Responsibility and Budget Management Act, 2003 [S21-F78]. Machine: S21-F78.

47. Appeal.—(1) Any person aggrieved by an order of the Reserve Bank under this Act may, within thirty days from the date on which the order is communicated to him, prefer an appeal to the Debts Recovery Tribunal in such form and accompanied by such fee as may be prescribed. (2) The appellate authority may, after giving the appellant an opportunity of being heard, confirm, modify or set aside the order appealed against. (3) No appeal shall lie under this section against an order made with the consent of the parties.

Defined terms in this text (1)

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.

Made under this section, or naming it (0)

none

Cited by (1)

Section 50, Fiscal Responsibility and Budget Management Act, 2003 [S21-FAJ], 5 August 2003, Band A. "section 47".

Not held (0)

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Duties published under this section (0)

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