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Section 45ZF of The Reserve Bank of India Act, 1934 View Chapter 3F

Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee.

   1[45ZF.  Vacancies, etc., not to invalidate proceedings of Monetary Policy Committee.--No act or proceeding of the Monetary Policy Committee shall be invalid merely by reason of--

       (a)  any vacancy in, or any defect in the constitution of the Monetary Policy Committee; or

       (b)  any defect in the appointment of a person acting as a Member of the Monetary Policy Committee; or

       (c)  any irregularity in the procedure of the Monetary Policy Committee not affecting the merits of the case.]

1Ins. by Act 28 of 2016, s. 222 (w.e.f. 27-6-2016).


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