In force · As amended up to 2026-08
45ZF. Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee.— No act or — proceeding of the Monetary Policy Committee shall be invalid merely by reason of
(a) any vacancy in, or any defect in the constitution of the Monetary Policy Committee; or
(b) any defect in the appointment of a person acting as a Member of the Monetary Policy Committee; or
(c) any irregularity in the procedure of the Monetary Policy Committee not affecting the merits of the case.
Source: India Code