Section 47: Disposal of surplus .-After making provision for bad and doubtful debts, depreciation of assets and all other matters for which provision is necessary or expedient or which is usually provided for by bankers, and for the Funds referred to in sections 42, 43 and 45, the National Bank shall transfer

Q: What does Section 47 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) deal with?

Section 47 NABARD Act pertains to "Disposal of surplus .-After making provision for bad and doubtful debts, depreciation of assets and all other matters for which provision is necessary or expedient or which is usually provided for by bankers, and for the Funds referred to in sections 42, 43 and 45, the National Bank shall transfer". It is part of the The National Bank for Agriculture and Rural Development Act, 1981, a legislation enacted by the Parliament of India. Section 47 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs disposal of surplus .-After making provision for bad and doubtful debts, depreciation of assets and all other matters for which provision is necessary or expedient or which is usually provided for by bankers, and for the Funds referred to in sections 42, 43 and 45, the National Bank shall transfer. As verified on 19 May 2026.

Q: Is Section 47 NABARD Act still in force?

Yes, Section 47 of the The National Bank for Agriculture and Rural Development Act, 1981 is currently in force across the Republic of India.

Q: What is धारा 47 NABARD Act?

धारा 47 NABARD Act is the Devanagari Hindi reference for Section 47 of the The National Bank for Agriculture and Rural Development Act, 1981. Section 47 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs disposal of surplus .-After making provision for bad and doubtful debts, depreciation of assets and all other matters for which provision is necessary or expedient or which is usually provided for by bankers, and for the Funds referred to in sections 42, 43 and 45, the National Bank shall transfer. As verified on 19 May 2026.

Q: What is Dhara 47 NABARD Act?

Dhara 47 NABARD Act is the Roman Hindi reference for Section 47 of the The National Bank for Agriculture and Rural Development Act, 1981. "Dhara" means "Section" in Hindi. Section 47 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs disposal of surplus .-After making provision for bad and doubtful debts, depreciation of assets and all other matters for which provision is necessary or expedient or which is usually provided for by bankers, and for the Funds referred to in sections 42, 43 and 45, the National Bank shall transfer. As verified on 19 May 2026.

Q: How to cite Section 47 of The National Bank for Agriculture and Rural Development Act, 1981?

Cite as: "Section 47, The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act)" in legal briefs. For academic writing, use the BlueBook format: The National Bank for Agriculture and Rural Development Act, 1981, § 47 (India).

Law on Tips Editorial Board

(i) for a period of fifteen years, following the accounting year during which the National Bank is established, the amount remaining (hereafter in this section referred to as surplus) to the Research and Development Fund under section 44; and

(ii) [ after the expiry of the said period of fifteen years, the Board shall, after making provision for the Fund referred to in clause (i), disburse or spend the balance of the surplus in such manner as may be approved by the Board.]