The Regional Rural Banks Act, 1976
Central · 1976
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Establishment and incorporation of Regional Rural Banks.
- S. 4Offices and agencies.
- S. 5Authorised capital.
- S. 6Issued capital.
- S. 7Shares to be approved securities.
- S. 8Management.
- S. 9Board of directors.
- S. 10Term of office of director.
- S. 11Chairman.
- S. 12Disqualifications.
- S. 13Vacation of the seat of directors.
- S. 14Meetings of Board.
- S. 15Committees of Board.
- S. 16Fees and allowances of directors and members of committees.
- S. 17Staff of Regional Rural Banks.
- S. 18Business which a Regional Rural Bank may transact.
- S. 19Closure of accounts.
- S. 20Annual report to be furnished to the shareholders.
- S. 21Disposal of profits.
- S. 22Regional Rural Bank to be deemed to be a co-operative society for purpose of the Income-tax Act, 1961.
- S. 23Interest-tax not payable.
- S. 23AAmalgamation of Regional Rural Banks.
- S. 23BNotification under section 23A to be sufficient notice to concerned parties.
- S. 23CCessation of business of transferor Regional Rural Banks.
- S. 23DLiquidation of Regional Rural Banks.
- S. 24Power of Central Government to give directions.
- S. 24AInspection, audit and scrutiny by the Sponsor Bank.
- S. 25Obligations as to fidelity and secrecy.
- S. 26Bar to liquidation of Regional Rural Bank.
- S. 27Defects in appointment or constitution not to invalidate acts or proceedings.
- S. 28Indemnity of directors, etc.
- S. 29Power to make rules.
- S. 30Power to make regulations.
- S. 31Removal of difficulties.
- S. 32Act to override the provisions of other laws.