Amendment to section 31 of Act 2 of 1934.
134. In the Reserve Bank of India Act, 1934, in section 31, after sub-section (2), the following sub-section shall be inserted, namely:-
"(3) Notwithstanding anything contained in this section, the Central Government may authorise any scheduled bank to issue electoral bond.
Explanation.–– For the purposes of this sub-section, ‘’electroal bond’’ means a bond issued by any scheduled bank under the scheme as may be notified by the Central Government.’’.