Section 5: [Omitted.] Increase and reduction of share capital

Current legal status

Section 5 is an omitted historical provision that formerly dealt with increase and reduction of RBI share capital.

It has no present operative rule and should not be used to infer current ownership or capital-adjustment mechanics.

Historical reading note

For historical commentary, identify the version and repeal/omission context before explaining why an old text contains Section 5.

Illustration. An archival agreement referring to alteration of RBI share capital under former Section 5 should be treated as a historical reference, not as a present statutory procedure.

Compliance points and common mistakes

• Do not decide the issue from the heading alone. Map the facts to the operative words of Section 5 and to each relevant subsection, clause, proviso or explanation shown above.
• Keep the statutory question separate from the operational overlay. Current RBI capital and institutional questions should be answered from surviving provisions, later legislative changes and official RBI/Union records rather than reconstructing an omitted power.
• 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• Where the provision is historical, omitted or repealed, state that status prominently and do not present it as a current compliance obligation.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

Questions and answers

Primary sources

• Department of Financial Services - consolidated RBI Act (states amendments through Finance Act, 2022)
• India Code - Reserve Bank of India Act, 1934