Gold Standard and Reserve Bank Bill · 1 January 1928
New Bill published, broadly following the 1927 Bill as amended by the Joint Committee, providing for a shareholders' bank, Rs 100 shares, individual maximum Rs 20,000, and a 24-member Board
VerifiedOfficial record. Source: RBIH1 ch. 1
RBI constitution
Shareholders' bank; shares Rs 100 each; individual shareholding restricted to a maximum of Rs 20,000; Board of 24, of whom 8 (Governor, two Deputy Governors, four Directors, one Government official) appointed/nominated by the Governor-General in Council; 2 Directors each elected by the Associated Chambers of Commerce and FICCI; 1 agriculture Director elected by provincial co-operative banks; 11 elected by shareholders on the geographical registers; debarred Government officials, bank officers and bank directors from appointment
VerifiedOfficial record. Source: RBIH1 ch. 1
RBI establishment
The 1928 Bill lapsed, the four-year gap to 1933
VerifiedOfficial record. Source: RBIH1 ch. 1
