Section 50: Auditors

Q: What does Section 50 of The Reserve Bank of India Act, 1934 (RBI Act) deal with?

Section 50 RBI Act pertains to "Auditors". It is part of the The Reserve Bank of India Act, 1934, a legislation enacted by the Parliament of India. Section 50 of The Reserve Bank of India Act, 1934 (RBI Act) governs auditors. As verified on 19 May 2026.

Q: Is Section 50 RBI Act still in force?

Yes, Section 50 of the The Reserve Bank of India Act, 1934 is currently in force across the Republic of India.

Q: What is धारा 50 RBI Act?

धारा 50 RBI Act is the Devanagari Hindi reference for Section 50 of the The Reserve Bank of India Act, 1934. Section 50 of The Reserve Bank of India Act, 1934 (RBI Act) governs auditors. As verified on 19 May 2026.

Q: What is Dhara 50 RBI Act?

Dhara 50 RBI Act is the Roman Hindi reference for Section 50 of the The Reserve Bank of India Act, 1934. "Dhara" means "Section" in Hindi. Section 50 of The Reserve Bank of India Act, 1934 (RBI Act) governs auditors. As verified on 19 May 2026.

Q: How to cite Section 50 of The Reserve Bank of India Act, 1934?

Cite as: "Section 50, The Reserve Bank of India Act, 1934 (RBI Act)" in legal briefs. For academic writing, use the BlueBook format: The Reserve Bank of India Act, 1934, § 50 (India).

Law on Tips Editorial Board

(1)

Not less than two auditors shall be appointed, and their remuneration fixed, by the Central Government.

(2)

The auditors shall hold office for such term not exceeding one year as the Central Government may fix while appointing them, and shall be eligible for re-appointment.