Establishment and incorporation of Reserve Bank. ~(1) bank to be called the Reser — THE RESERVE BANK OF INDIA ACT, 1934

Establishment and incorporation of Reserve Bank. ~(1) bank to be called the Reser

3. Establishment and incorporation of Reserve Bank. ~(1) bank to be called the Reserve Bank of India shall be constituted for the purposes of taking over the management of the currency from the "[Central Government] and of carrying o the business of banking in accordance with the provisions of this Act. The Bank shall be a body corporate by the name of the Reserve Bank of India, having perpetual succession and a common seal, and shall by the said name sue and be sued. Ins. by Act 62 of 1984, s 71 and the Third Schedule (w.e f.20-3-1985). 2 The word "silver" omitted by Act 62 of 1948, s and the Schedule (w.e.f: 1-1-1949)_ 3 Ins. by the M.O. 1937.

Section Section 3