Amendment status not verified — confirm the current text below against the official source.
The Reserve Bank may, with the previous approval of the Central Government, by order, delegate any of its powers or functions-- (i) under section 8, [9 or 10] or sub-clause (b) of clause (A) of sub-section (2) of section 18 or sub-section (7) of section 18 to any authorised dealer; or (ii) under section 8 or 9 to any money-changer, subject to such restrictions, conditions and limitations as may be specified in the order. Subs. by Act 29 of 1993, sec. 37, for "9, 10 or 11" (w.e.f. 08/01/1993).