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The Reserve Bank of India Act, 1934

Chapter III — CENTRAL BANKING FUNCTIONS

Section 38Obligations of Government and the Bank in respect of rupee coin

Read in the full Act
Section 38: Obligations of Government and the Bank in respect of rupee coin

38. Obligations of Government and the Bank in respect of rupee coin

The [Central Government] shall undertake not *** to put into circulation any rupees, except through the Bank, *** and the Bank shall undertake not to dispose of rupee coin otherwise than for the purposes of circulation ***.

Amendment notes (4)
  1. Subs . Subs. by the M.O. 1937, for "G.G. in C".
  2. omitted . The words and figures "to re-issue any rupee coin delivered under section 36 nor" omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2- 1964).
  3. omitted . The words "and as provided in that section" omitted by Ordinance 4 of 1940, s. 3.
  4. omitted w.e.f. 1-2-1964 . The words "or by delivery to the Central Government under that sections" omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2-1964).