RESERVE BANK OF INDIA ACT, 1934

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....N 31(3) OF RESERVE BANK OF INDIA ACT, 1934 Issue of demand bills and notes. 31. ** ** ** (3) Notwithstanding anything contained in this section, the Central Government may authorise any scheduled bank to issue electoral bond. Explanation.-For the purposes of this sub-section, "electoral bond'' means a bond issued by any scheduled bank under the scheme as may be notified by the Cen....