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of <h1>Amendment to Section 45U of RBI Act: Changes in Definitions of Securities, Debt Instruments, Corporate Bonds, and Debentures.</h1> The amendment to section 45U of the Reserve Bank of India Act, 1934, proposed in Clause 156 of the Finance Bill, 2015, involves several changes. In clause (a), the reference to 'price of securities' is removed, and 'not being a security' is added after 'such other instruments.' In clause (b), 'which is not a security' is added after 'such other debt instrument.' In clauses (c) and (d), 'securities' is replaced with 'corporate bonds and debentures.' In clause (e), the reference to including corporate bonds and debentures for 'repo' or 'reverse repo' is omitted.
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