No payment shall be made by Bank out of the Board‟s fund except upon a cheques or letter of credit signed by an officer authorized by the Board in this behalf.
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Section 1 · Short title and commencement.Section 2 · Definitions.Section 3 · Establishment of Board.Section 4 · Incorporation of Board.Section 5 · Constitution of Board.Section 6 · Objects of Board.Section 7 · Appointment and term of office and conditions of service of Director.Section 8 · Term of office and allowances to members of Board.India Code, Government of India. Text fetched 11 Oct 2026. Source metadata reports last modification: 2024-05-03. Check the linked official text and subsequent notifications when applying a provision.