Bare ActsThe RESERVE BANK OF INDIA ACT, 1934

Section 38

Obligations of Government and the Bank in respect of rupee coin

Amendment status not verified — confirm the current text below against the official source.

Obligations of Government and the Bank in respect of rupee coin.—The 3 [Central Government] shall undertake not 4*** to put into circulation any rupees, except through the Bank, 5*** and the Bank shall undertake not to dispose of rupee coin otherwise than for the purposes of circulation 6***.

Section 38 – The RESERVE BANK OF INDIA ACT, 1934 | DailyLaw.ai