Section 12 - Casual vacancies and absences : RBI Act 1934
How to fill Casual vacancies and absences? Section 12 of
Reserve Bank of India Act 1934
Section 12 of RBI Act 1934 : "Casual vacancies and absences"
(1) If the Governor or a Deputy Governor by
infirmity or otherwise is rendered incapable of
executing his duties or is absent on leave or
otherwise in circumstances not involving the
vacation of his appointment, the Central Government
may, after consideration of the recommendations made
by the Central Board in this behalf, appoint another
person to officiate for him, and such person may,
notwithstanding anything contained in clause (d) of
sub-section (1) of section 10, be an officer of the
(3) Where any causal vacancy in the office of any member of a
Local Board occurs, the Central Board may nominate thereto any
person recommended by the other members of the Local Board.
(4) Where any casual vacancy occurs in the office of
a Director other than the vacancies provided for in
sub-section (1) the vacancy shall be filled, by the
(5) A person nominated under this section to fill a casual
vacancy shall hold office for the unexpired portion of the term
of his predecessor.