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.
Section 3 - Establishment and incorporation of Reserve Bank
Section 4 - Capital of the Bank
Section 5 - Increase and reduction of Share Capital
Section 6 - Offices, branches and agencies
Section 8 - Composition of the Central Board and term of office of Directors
Section 9 - Local Boards, their constitution and functions
Section 10 - Disqualifications of Directors and members of Local Boards
Section 11 - Removal from and vacation of office
Section 12 - Casual vacancies and absences
Section 13 - Meetings of the Central Board
Section 17 - Business which the Bank may transact
Section 18 - Power of direct discount
Section 18A - Validity of loan or advance not to be questioned
Section 19 - Business which the Bank may not transact
CHAPTER III
CENTRAL BANKING FUNCTION
Section 20 - Obligation of the Bank to transact Government business