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Reserve_Bank_of_India_Act_1934

Section / Rule Number Content


20 Obligation of the Bank to transact Government business
20A Transaction of business for British Military Administration, Burma
21 Bank to have the right to transact Government business in India
21A Bank to transact Government business of States on agreement
21B Effect of agreements made between the Bank and certain States before the 1st November, 1956
22 Right to issue bank notes
23 Issue Department
24 Denominations of notes
25 Form of bank notes
26 Legal tender character of notes
26A Certain bank notes to cease to be legal tender
27 Re-issue of notes
28 Recovery of notes lost, stolen, mutilated or imperfect
28A Issue of special bank notes and special one rupee notes in certain cases
29 Bank exempt from stamp duty on bank notes
30 Powers of Central Government to supersede Central Board
31 Issue of demand bills and notes
32 Penalty
33 Assets of the Issue Department
34 Liabilities of the Issue Department
35 Initial assets and liabilities
36 Method of dealing with fluctuations in rupee coin assets
37 Suspension of assets requirements as to foreign securities
38 Obligations of Government and the Bank in respect of rupee coin
39 Obligation to supply different forms of currency
40 Transactions in foreign exchange
41 Obligation to buy sterling
41A Obligation to provide remittance between India and Burma
42 Cash reserves of scheduled banks to be kept with the Bank
43 Publication of consolidated statement by the Bank
43A Protection of action taken in good faith
44 Power to require returns from co-operative banks
45 Appointment of Agents

Corporate Secretarial & Compliance Services

The firm specializes in providing comprehensive secretarial services ensuring compliance with corporate legislation. Services include the preparation and filing of statutory forms, maintenance of statutory registers, compliance with the Companies Act, drafting of notices for meetings, and preparation of annual reports.

Mergers & Acquisitions (M&A) & Corporate Restructuring

Arthur & Co. LLP has extensive experience in handling mergers, demergers, acquisitions, and corporate restructuring. The firm provides end-to-end services, including due diligence, structuring of transactions, and assisting with regulatory approvals and filings with authorities like NCLT and SEBI

Insolvency & Bankruptcy Matters

With a strong expertise in the Insolvency and Bankruptcy Code (IBC), 2016, the firm provides services related to Corporate Insolvency Resolution Process (CIRP), drafting Information Memorandums, Resolution Plans, and conducting Committee of Creditors (COC) meetings. It also assists clients in loan restructuring and managing financial crises.

Secretarial Audits & Corporate Governance

The firm conducts detailed secretarial audits for public and private companies, ensuring statutory compliance and good corporate governance practices. This includes preparing and filing annual returns, auditing corporate governance reports, and assisting clients in maintaining the transparency and accountability of their corporate structures.

Legal Advisory & Dispute Resolution

Arthur & Co. LLP offers expert legal advisory services on a wide range of corporate matters, including the drafting of commercial contracts, shareholder agreements, joint ventures, mergers, and acquisitions. The firm also represents clients in dispute resolution and regulatory proceedings before various forums, including NCLT and SEBI.

Taxation & Financial Services

The firm provides expert services in income tax planning, GST advisory and compliance, and financial documentation. It also assists businesses in preparing financial reports and ensuring compliance with tax laws.

Intellectual Property (IP) Services

The firm offers comprehensive trademark registration, protection, and enforcement services, helping clients safeguard their intellectual property rights.

Regulatory Compliances (SEBI, FEMA, RBI, Stock Exchanges)

The firm provides guidance on regulatory compliance under various laws, including the Securities and Exchange Board of India (SEBI), Foreign Exchange Management Act (FEMA), and Reserve Bank of India (RBI) regulations. Services also extend to stock exchange compliances, including SME listing and revocation of suspension of trading of securities.

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