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CHAPTER I

PRELIMINARY

1. Short title, extent and commencement.

 

(1) This Act may be called the Reserve Bank of India Act, 1934.

1[(2) It extends to the whole of India 2[* * *].

(3) This section shall come into force at once, and the remaining provisions of this Act shall come into force on such date or dates3 as the 4[Central Government] may, by notification in the Gazette of India, appoint.

Note:

1 Subs. by the A. O. 1950, for sub-section (2).

2 The words "except the State of Jammu and Kashmir" omitted by Act 62 of 1956, s.2 and Sch. (w.e.f. 1-11-1956).

3 Ss. 2 to 19, 47, 50 to 52, 55 to 58 and 61 were brought into force on 1st January, 1935, see Gazette of India, 1934, Pt. I.P. 1369; and the other sections on 1st April, 1935, see ibid., 1935, Pt. I. P. 538.

4 Subs. by the M. O. 1937, for "G. G. in C".