Chapter III CENTRAL BANKING FUNCTIONS Flashcards
Section 20
Obligation of the Bank to transact Government business.
Section 21
Bank to have the right to transact Government business in India
Section 21A
Bank to transact Government business of States on agreement.
Section 21B
Effect of agreements made between the Bank and certain States before the 1st November, 1956.
Section 22
Right to issue Bank notes
Section 23
Issue Department
Section 24
Denominations of notes
Section 25
Form of Bank notes
Section 26
Legal tender character of notes
Section 26A
Certain bank notes to cease to be legal tender
Section 27
Re-issue of notes
Section 28
Recovery of notes lost, stolen, mutilated or imperfect.
Section 28A
Issue of special bank notes and special one rupee notes in certain cases.
Section 22A
Non-applicability of certain provisions to digital form of bank notes.
Section 29
Bank exempt from stamp duty on bank notes
Section 30
Powers of Central Government to supersede Central Board.
Section 31
Issue of demand bills and notes.
Section 33
Assets of the Issue Department.
Section 34
Liabilities of the Issue Department.
Section 37
Suspension of assets requirements as to foreign securities.
Section 38
Obligations of Government and the Bank in respect of rupee coin.
Section 22A
Non-applicability of certain provisions to digital form of bank notes
Section 39
Obligation to supply different forms of currency.
Section 40
Transactions in foreign exchange.
Section 42
Cash reserves of scheduled banks to be kept with the Bank.
Section 43
Publication of consolidated statement by the Bank.
Section 43A
Protection of action taken in good faith.
Section 45
Appointment of Agents.
