The Reserve Bank of India Act, 1934 · III — CENTRAL BANKING FUNCTIONS

Section 45ZF. Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee

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