Section 4, Government Securities Act, 2006 [S23-1K8]
As at 7 September 2026. In force from 7 October 2006 by S.O. 383(E) [N12-CTF].
4. Registration of financials institution.—(1) Every financial institution shall, within seven days from the commencement of this Act or, where such person begins the business of a financial institution after such commencement, within seven days from the date of such beginning, make an application for registration to the Reserve Bank in Form B, accompanied by a fee of two thousand 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, Government Securities Act, 2006 [S231HC] (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, Government Securities Act, 2006 [S231HC] (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 (3)
Notification S.O. 207(E), dated 9th December, 2006 [N12-CZ5], 9 December 2006, in force. The text contains "section 4 of the said Act".
Notification S.O. 1736(E), dated 6th August, 2007 [N12-D8A], 6 August 2007, in force. The text contains "section 4 of the said Act".
Notification S.O. 733(E), dated 31st May, 2014 [N12-GDV], 31 May 2014, in force. The text contains "section 4 of the said Act".
Cited by (3)
Section 15, Government Securities Act, 2006 [S23-1YJ], 5 August 2006, Band A. "section 4".
Section 20, Government Securities Act, 2006 [S23-231], 5 August 2006, Band A. "section 4".
Rule 3, Government Securities Act Rules, 2007 [S24-0V1], 27 October 2007, Band A. "sub-section (1) of section 4 of the Act".
Not held (0)
none
Duties published under this section (1)
D11-SQ4. Every financial institution: Apply for registration to the Reserve Bank in Form B, fee two thousand rupees; seven days from the commencement of the Act, or from beginning the activity; Form B. Published by Department of Financial Services, Ministry of Finance (synthetic record).