Clause 154 - Commencement and amendment of Act 2 of 1934 -Amendment of section 17 - Finance Bill, 2015

CHAPTER IX MISCELLANEOUS PART I AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934 Commencement and amendment of Act 2 of 1934 . 154. [A] The provisions of this Part shall come into force on such date as the Central Government may, by notification, appoint and different dates may be appointed for different provisions of this Part. Amendment of section 17 [B] In the Reserve Bank of India Act, 1934 (2 of 1934) (herein referred to as the Reserve Bank Act), in section 17, in sub-section (11), the following proviso shall be inserted, namely:-- Provided that the Bank may exercise the functions specified in clauses (e) and (f) of this subsection for the Central Government, if the Central Government issues a notification under subsection (2) of section 21, entrusting the Bank with the function of managing public debt and issuing and managing bonds and debentures of the Central Government. .