Central Act
45MAA
Section 45MAA. Power to take action against auditors.
The Reserve Bank of India Act, 1934
In forceAll India (Central Act)
1[45MAA. Power to take action against auditors. -- Where any auditor fails to comply with any direction given or order made by the Bank under section 45MA, the Bank, may, if satisfied, remove or debar the auditor from exercising the duties as auditor of any of the Bank regulated entities for a maximum period of three years, at a time.]