Section 35. [Initial assets and liabilities]

35. [Initial assets and liabilities].— Omitted by the Reserve Bank (Transfer to Public Ownership) Act , 1948 (62 of 1948), s . 7 and the Schedule ( w.e.f. 1-1-1949). 1. Subs. by Act 61 of 1981, s. 61 and the Second Schedule, for sub-section (3) (w.e.f. 12-7-1982). 2. Subs. by Act 8 of 1991, s. 2, for "0.118489 grammes of fine gold per rupee" (w.e.f. 15-10-1990). 3. Subs. by Act 58 of 1968, s. 26, for "at the market rate" (w.e.f. 1-2-1969). 4. Subs. by Act 32 of 1951, s. 2, for "the States" (w.e.f. 1-11-1951). 5. Subs. by Act 51 of 1974, s. 10, for sub-section (6) (w.e.f. 13-12-1974). 6. Ins. by Act 24 of 1978, s. 6 (w.e.f. 21-7-1978). 7. Subs. by s. 6, ibid., for "any commercial bank notified by the Central Government" (w.e.f. 21-7-1978). 8. Subs. by Act 1 of 1984, s. 4, for "notified" (w.e.f. 15-2-1984). 9. Subs. by Act 24 of 1978, s. 6, for "period of five years" (w.e.f. 21-7-198). 10. Subs. by s. 6, ibid., for "within five years" (w.e.f. 21-7-198). 11. Sub-section (2) omitted by Act 55 of 1963, s. 2 (w.e.f. 1-2-1964). 12. Sub-section (3) omitted by s. 2, ibid. (w.e.f. 1-2-1964) which was earlier inserted by the M.O. 1937.