Chapter IV — General Provisions

Section 55: [Omitted.] Reports by the Bank

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Section 55 is omitted and historically dealt with reports by RBI.

Historical / non-operativeOfficial sources mappedProvision-specific decode

Current legal status

Section 55 is omitted and historically dealt with reports by RBI.

Current RBI reporting duties should be located in surviving provisions such as Section 53 and other applicable statutory/regulatory requirements.

Use today: Do not cite Section 55 as a present annual-report obligation simply because it appears in an older edition.

Historical reading note

Historical research should explain the omission and use the law in force for the relevant period.

Illustration. A 2026 compliance calendar should not contain a Section 55 filing line item.

Compliance points and common mistakes

Do not decide the issue from the heading alone. Map the facts to the operative words of Section 55 and to each relevant subsection, clause, proviso or explanation shown above.
Keep the statutory question separate from the operational overlay. Do not cite Section 55 as a present annual-report obligation simply because it appears in an older edition.
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Where the provision is historical, omitted or repealed, state that status prominently and do not present it as a current compliance obligation.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 55 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 55?

[Omitted.] Reports by the Bank: Section 55 is omitted and historically dealt with reports by RBI.

Which statutory limb should be checked first?

Scope - Section 55 is omitted and historically dealt with reports by RBI.

What is the next legal boundary?

Operative limb - Current RBI reporting duties should be located in surviving provisions such as Section 53 and other applicable statutory/regulatory requirements.

What record should support the conclusion?

Section 55 file evidence: Historical research should explain the omission and use the law in force for the relevant period.

Primary sources

Source control for Section 55: 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.