# The Finance Act, 2017, Section 135: Amendment of section 31 of Act 2 of 1934

- Act: The Finance Act, 2017
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2017/section/135/

## Text

Amendment of section 31 of Act 2 of 1934 135. In the Reserve Bank of India Act, 1934, in section 31, after sub-section (2), the following sub-section shall be inserted, namely:— '(3) Notwithstanding anything contained in this section, the Central Government may authorise any scheduled bank to issue electoral bond. Explanation:— For the purposes of this sub-section, ''electroal bond" means a bond issued by any scheduled bank under the scheme as may be notified by the Central Government.'.

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