Section 38 of The Reserve Bank of India Act, 1934 View Chapter 3

Obligations of Government and the Bank in respect of rupee coin.

   The 1[Central Government] shall undertake not 2*** to put into circulation any rupees, except through the Bank, 3*** and the Bank shall undertake not to dispose of rupee coin otherwise than for the purposes of circulation 4***.

1Subs. by the M.O. 1937, for "G.G. in C".

2The words and figures "to re-issue any rupee coin delivered under section 36 nor" omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2- 1964).

3The words "and as provided in that section" omitted by Ordinance 4 of 1940, s. 3.

4The words "or by delivery to the Central Government under that sections" omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2-1964).