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Date: 06-Mar-2024 Category: Extra Ordinary State: Union Government Country: India

In pursuance of clause c of sub section 6 of Section 42 of the Reserve Bank of India Act,

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This notification from the Reserve Bank of India (RBI) announces a change in the name of a bank listed in the Second Schedule of the Reserve Bank of India Act, 1934.

Key Changes

  • The name 'Sonali Bank Limited' in the Second Schedule of the Reserve Bank of India Act, 1934 has been replaced with 'Sonali Bank PLC'.
  • This change is made in pursuance of clause (c) of sub-section (6) of Section 42 of the Reserve Bank of India Act, 1934.

Impact Analysis

Stakeholders

  • Regulatory Bodies: Other regulatory bodies that refer to the Second Schedule of the RBI Act, 1934, will need to update their records accordingly.

Suggested Action Items

  • Other regulatory bodies should update their records to reflect the new name of the bank.

Key Entities Referenced

Reserve Bank of India (RBI): The central bank of India responsible for regulating the banking sector and issuing currency. Sonali Bank PLC: Formerly known as Sonali Bank Limited, a bank listed in the Second Schedule of the Reserve Bank of India Act, 1934. Reserve Bank of India Act, 1934: The Act that governs the functioning of the Reserve Bank of India.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-06032024-252677 xxxGIDHxxx CG-DL-E-06032024-252677 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 149] नई दिल्ली, बुधर्ार, माच व6, 2024/फाल्ग नु 16, 1945 No. 149] NEW DELHI, WEDNESDAY, MARCH 6, 2024/PHALGUNA 16, 1945 भारतीय ररज़र् व बकैं अजधसचू ना नई दिल्ली, 17 िनर्री, 2024 जर्जर्.एलआईसी.स.ं एस6044/23.13.032/2023-24.—भारतीय ररज़र्व बैंक अजधजनयम, 1934 ( 1934का2 ) की धारा 42की उप-धारा( 6 )के खण्ड( ग )के अनुसरण में भारतीय ररज़र्व बैंक इसके द्वारा जनििे िते ा ह ै दक उक्त अजधजनयम की िसू री अनुसूची में जनम्नजलजखत पररर्तवन दकये िाए ं :- "सोनाली बकैं जलजमटेड” िब्िों के स्ट्थान पर "सोनाली बकैं पीएलसी" िब्ि होंगे। ियन्त कुमार िाि, कायवपालक जनिेिक [जर्ज्ञापन-III/4/असा./800/2023-24] 1586 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] RESERVE BANK OF INDIA NOTIFICATION New Delhi, the 17th January, 2024 DoR.LIC.No.S6044/23.13.032/2023-24.— In pursuance of clause (c) of sub-section (6) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs that the following alterations shall be made in the Second Schedule to the said Act namely:- For the words “Sonali Bank Limited” the words “Sonali Bank PLC” shall be substituted. JAYANT KUMAR DASH, Executive Director [ADVT.-III/4/Exty./800/2023-24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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