Section 47 of the Reserve Bank of India Act, 1934 – Allocation of surplus profits

Home › The Reserve Bank of India Act, 1934 › Chapter IV – General provisions

Section 47: Allocation of surplus profits

After making provision for bad and doubtful debts, depreciation in assets, contributions to staff and superannuation fund 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.

Source: official text of The Reserve Bank of India Act, 1934 as published on India Code (PDF). All sections of the Reserve Bank of India Act, 1934.

Related posts:

  1. The Reserve Bank of India Act, 1934 – All Sections
  2. Section 56 of the Banking Regulation Act, 1949 – Act to apply to co-operative societies subject to modifications
  3. INCOME-TAX ACT 1961
  4. Comparison of Section of New Income Tax Bill Vs Old Income Tax Act