law: Banking Regulation Act, 1949
  55. Amendment of Act 2 of 1934
  The Reserve Bank of India Act, 1934 shall be
  
  amended in the manner specified in the fourth column of the First Schedule, and
  
  the amendments to section 18 thereof as specified in the said Schedule shall be
  
  deemed to have had effect on and from the 20th day of September, 1947.