THE RESERVE BANK (TRANSFER TO PUBLIC OWNERSHIP) ACT, I948
An Act to bring the share capital of the Reserve Bank of India into public ownership and to make
consequential amendments in the Reserve Bank of India Act, 1934.
WHEREAS it is expedient to bring the share capital of the Reserve Bank of India into public
ownership, to make provisions with respect to the relations between the Central Government and the
Bank and to make consequential amendments in the Reserve Bank of India Act, 1934;
It is hereby enacted as follows:—
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