Section 13 - Meetings of the Central Board : RBI Act 1934
When to conduct Meetings of the Central Board? Section 13 of
Reserve Bank of India Act 1934
Section 13 of RBI Act 1934 : "Meetings of the Central Board"
(1) Meetings of the Central Board shall be
convened by the Governor at least six times in each
year and at least once in each quarter.
(2) Any four Directors may require the Governor to convene a
meeting of the Central Board at any time and the Governor shall
forthwith convene a meeting accordingly.
(3) The Governor, or if for any reason, he is unable
to attend, the Deputy Governor authorised by the
Governor under the proviso to sub-section (3) of section
8 to vote for him, shall preside at meetings of the
Central Board, and, in the event of an equality of
votes, shall have a second or casting vote.