Section 135 of Finance Act 2018

[Section 135 of Finance Act 2018 deals with Amendment of section 17 of Act 2 of 1934 and is covered in CHAPTER VIII MISCELLANEOUS]

PART II

AMENDMENT TO THE RESERVE BANK OF INDIA A CT, 1934

Amendment of section 17 of Act 2 of 1934

135. In the Reserve Bank of India Act, 1934, in section 17, after clause (1), the following clause shall be inserted, namely:—

“(1A) The accepting of money as deposits, repayable with interest, from banks or any other person under the Standing Deposit Facility Scheme, as approved by the Central Board, from time to time, for the purposes of liquidity management;”.

Finance Act 2018 : Assented by President : Download Print Notification