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CHAPTER IV GENERAL PROVISIONS

Section 50: Auditors

The Reserve Bank of India Act, 1934

1[(1) Not less than two auditors shall be appointed, and their remuneration fixed, by the Central Government.

(2) The auditors shall hold office for such term not exceeding one year as the Central Government may fix while appointing them, and shall be eligible for re-appointment.]

Footnotes in the official text

  1. 1.Subs. by Act 62 of 1948, s. 7 and Sch., for section 50 (w.e.f. 1-1-1949).

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