Section 55 of The Banking Regulation Act, 1949: Amendment of Act 2 of 1934.
Amendment of Act 2 of 1934. – The Reserve Bank of India Act, 1934 (2 of 1934) shall be amended in the manner specified in the fourth column of the First Schedule, and the amendments to section 18 thereof as specified in the said Schedule shall be deemed to have had effect on and from the 20th day of September, 1947.
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