34. Liabilities of the Issue Department.

(1) The liabilities of the Issue Department shall be an amount equal to the total of the amount of the currency notes of the Government of India and bank notes for the time being in circulation.

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Note:

^1.  Sub-section (2) omitted by Act 55 of 1963, s. 2 (w.e.f. 1-2-1964).

^2.  Sub-section (3) ins. by the M.O. 1937, omitted by Act 11 of 1947, s. 19 (w.e.f. 1-4-1947).