Bare ActsThe National Bank for Agriculture and Rural Development Act, 1981

Section 45

Reserve Fund and other Funds.

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

The National Bank shall establish a Reserve Fund 1 [and other Funds] as the Board may consider necessary by transferring such sums as it may deem fit, out of its annual profits and out of receipts from gifts, grants, donations or benefactions, which it may receive.

Section 45 – The National Bank for Agriculture and Rural Development Act, 1981 | DailyLaw.ai