Central Government Securities: Reserve Bank permitted to subscribe primary issues and convert holdings by mutual agreement. The amendment permits the Reserve Bank to subscribe to primary issues of Central Government Securities where the grounds in the proviso to sub section (2) of section 4 apply, and authorises the Reserve Bank, by mutual agreement with the Central Government, to convert Central Government Securities it holds into other Central Government securities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Central Government Securities: Reserve Bank permitted to subscribe primary issues and convert holdings by mutual agreement.
The amendment permits the Reserve Bank to subscribe to primary issues of Central Government Securities where the grounds in the proviso to sub section (2) of section 4 apply, and authorises the Reserve Bank, by mutual agreement with the Central Government, to convert Central Government Securities it holds into other Central Government securities.
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