| [Act 9 of 1940] | [11th March, 1940] |
| [Repealed by Act 6 of 1945, Section 2 and Schedule I.] | [11th March, 1940] |
An Act further to amend the Reserve Bank of India Act, 1934
Whereas it is expedient further to amend the Reserve Bank of India Act, 2 of 1934, for the purpose of enabling the Reserve Bank of India to act as agent of, and make loans and advances to, the Board of Commissioners of Currency of Ceylon;
It is hereby enacted as follows:-
1. Short title.-This Act may be called the Reserve Bank of India (Amendment) Act, 1940.
2. Amendment of Section 17 of Act 2 of 1934.-In Section 17 of the Reserve Bank of India Act, 1934,-
(a) in clause (4), as adapted and modified by the Third Schedule to the India and Burma (Burma Monetary Arrangements) Order, 1937, for the words "and Burma co-operative banks" the words "Burma co-operative banks and the principal currency authority of Ceylon" shall be substituted;
(b) in clause (13), the words "a bank which is" shall be omitted, and for the words "such banks" the words "banks which are such principal currency authorities" shall be substituted.