Exemptions from RBI Act, 1934 Provisions
The Reserve Bank of India (RBI) has issued a Master Direction outlining exemptions from various provisions of the RBI Act, 1934.
Exemptions from Chapter III B:
The following entities are exempt from provisions of Chapter III B of the RBI Act, 1934:
- Securitisation and Reconstruction Companies
- Nidhi Companies
- Chit Companies
- Mortgage Guarantee Companies
- Merchant Banking Companies
- Housing Finance Institutions
Exemptions from Sections 45-IA, 45-IB, and 45-IC:
The following entities are exempt from sections 45-IA, 45-IB, and 45-IC of the RBI Act, 1934:
- Insurance Companies
- Stock Exchanges
- Stock Brokers
Exemptions for Government Companies:
Government Companies are exempt from sections 45-IB and 45-IC of the RBI Act, 1934.
Chat with the Master Direction:
Download: Master Direction – Exemptions from the provisions of RBI Act, 1934 (Updated as on April 01, 2022)