The Reserve Bank of India Act, 1934 · IV — GENERAL PROVISIONS

Section 61. [Amendment of section II, Act VII of 1913]

In force · As amended up to 2026-08

61. [Amendment of section II, Act VII of 1913].— Rep. by s. 3 and the Second Schedule, ibid. ( w.e.f. 14-4-1937) . 1. Ins. by Act 23 of 1997, s. 11 (w.e.f. 9-1-1997). 2. Subs. by Act 23 of 2019, s. 143 for "five thousand" (w.e.f. 9-8-2019). 3. Subs. by s. 143, ibid ., for "five lakh" (w.e.f. 9-8-2019). 4. Subs. by s. 143, ibid ., for "twenty-five thousand" (w.e.f. 9-8-2019). [ See section 9] 1[THE FIRST SCHEDULE 2 [1. The Western Area shall consist of the States of Goa, Gujarat, Madhya Pradesh and Maharashtra and the Union territories of Dadra and Nagar Haveli, and Daman and Diu.

Source: India Code

How this section changed

  1. inserted by Act 23 of 1997, s. 11

    In force from 9 Jan 1997

    Footnote: 1. Ins. by Act 23 of 1997, s. 11 (w.e.f. 9-1-1997).

  2. substituted by Act 23 of 2019, s. 143

    In force from 9 Aug 2019

    Earlier wording: “five thousand”

    Footnote: 2. Subs. by Act 23 of 2019, s. 143 for "five thousand" (w.e.f. 9-8-2019).