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Section 47 – Reserve Bank of India Act,1934

Reserve Bank of India Act,1934

Section 47. Allocation of surplus profits

After making provisions for bad and doubtful debts, depreciation in assets, contributions to staff and superannuation funds and for all other matters for which provision is to be made by or under this Act or which are usually provided for by bankers, the balance of the profits shall be paid to the Central Government.

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Reserve Bank of India Act,1934

Indian Laws – Bare Acts

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