| Reserve Bank of India Act | |
|---|---|
.svg) | |
| Imperial Legislative Council | |
| |
| Citation | Act No. 2 of 1934 |
| Territorial extent | Whole of India |
| Enacted by | Imperial Legislative Council |
| Enacted | 6 March 1934 |
| Commenced | 1 April 1935 |
| Status: In force | |
Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India (RBI) was formed. This act along with the Companies Act, which was amended in 1936, were meant to provide a framework for the supervision of banking firms in India.[1]
- ^ Pathak (1 May 2007). Legal Aspects Of Business. Tata McGraw-Hill Education. p. 460. ISBN 978-0-07-065613-0. Retrieved 13 January 2015.