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Reserve_Bank_of_India_Act_1934 Section / Rule Number   Content Act / Rule Name 20 Obligation of the Bank to transact Government business 21 Bank to have the right to transact Government business in India 21A Bank to transact Government business of States on agreement 21B Effect of agreements made between the Bank and certain States before the 1st November, 1956 22 Right to issue bank notes 23 Issue Department 24 Denominations of notes 25 Form of bank notes 26 Legal tender character of notes 26A Certain bank notes to cease to be legal tender 27 Re-issue of notes 28 Recovery of notes lost, stolen, mutilated or imperfect 28A Issue of special bank notes and special one rupee notes in certain cases 29 Bank exempt from stamp duty on bank notes 30 Powers of Central Government to supersede Central Board 31 Issue of demand bills and notes 32 Penalty 33 Assets of the Issue Department 34 Liabilities of the Issue Department 35 Initial assets and liabilities 36 Method of dealing with fluctuations in rupee coin assets 37 Suspension of assets requirements as to foreign securities 38 Obligations of Government and the Bank in respect of rupee coin 39 Obligation to supply different forms of currency 40 Transactions in foreign exchange 41 Obligation to buy sterling 41A Obligation to provide remittance between India and Burma 42 Cash reserves of scheduled banks to be kept with the Bank 43 Publication of consolidated statement by the Bank 43A Protection of action taken in good faith 44 Power to require returns from co-operative banks 45 Appointment of Agents

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