Chapter IV — General Provisions

Section 46B: [Repealed.]

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Section 46B is repealed and has no present operative rule.

Historical / non-operativeOfficial sources mappedProvision-specific decode

Current legal status

Section 46B is repealed and has no present operative rule.

Any former fund or contribution mechanism under this section should be treated as historical and not incorporated into current RBI fund architecture without a surviving statutory basis.

Use today: Current long-term-operation funds are addressed by surviving Sections 46A, 46C and 46D as applicable.

Historical reading note

Historical financial statements may require a note explaining the former provision and the legislative transition.

Illustration. A current institutional-fund chart should not include a live Section 46B fund merely because an older edition of the Act lists it.

Compliance points and common mistakes

Do not decide the issue from the heading alone. Map the facts to the operative words of Section 46B and to each relevant subsection, clause, proviso or explanation shown above.
Keep the statutory question separate from the operational overlay. Current long-term-operation funds are addressed by surviving Sections 46A, 46C and 46D as applicable.
Do not convert an exception, exemption or discretionary RBI/Government power into an automatic entitlement. Record the authority, conditions and effective date.
Where the provision is historical, omitted or repealed, state that status prominently and do not present it as a current compliance obligation.

Connected provisions and instruments

Section 46B has no universal instrument dependency in this package. Add an RBI circular or direction only when its subject, entity and effective date cover the issue being analysed.

Questions and answers

What is the purpose of Section 46B?

[Repealed.]: Section 46B is repealed and has no present operative rule.

Which statutory limb should be checked first?

Scope - Section 46B is repealed and has no present operative rule.

What is the next legal boundary?

Operative limb - Any former fund or contribution mechanism under this section should be treated as historical and not incorporated into current RBI fund architecture without a surviving statutory basis.

What record should support the conclusion?

Section 46B file evidence: Historical financial statements may require a note explaining the former provision and the legislative transition.

Primary sources

Source control for Section 46B: use the official consolidated RBI Act for the statutory text and footnotes, then separately reconcile any post-Finance Act 2022 amendment, commencement notification or RBI instrument relevant to the event date.