Clause 124 - Amendment of Act 2 of 1934. - Finance Bill, 2022

CHAPTER V MISCELLANEOUS PART I AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934 Amendment of Act 2 of 1934. 124. In the Reserve Bank of India Act, 1934, (a) in section 2, after clause (aiii), the following clause shall be inserted, namely: (aiv) bank note means a bank note issued by the Bank, whether in physical or digital form, under section 22; ; (b) after section 22, the following section shall be inserted, namely: Non-applicability of certain provisions to digital form of bank notes. 22A. Nothing contained in sections 24, 25, 27, 28 and 39 shall apply to the bank notes issued in digital form by the Bank. .