Reserve Bank of India Act, 1934 · Chapter II: Incorporation, Capital, Management and Business
Section 12: Casual vacancies and absences
(1) If the Governor or a Deputy Governor by infirmity or otherwise is rendered incapable of executing his duties or is absent on leave or otherwise in circumstances not involving the vacation of his appointment, the [Central Government] may, after consideration of the recommendations made by the Central Board in this behalf, appoint another person to officiate for him, and such person may, notwithstanding anything contained in clause (d) or sub-section (1) of section10, be an officer of the Bank.
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(3) Where any casual vacancy in the office of any member of a Local Board occurs *** the Central Board may nominate thereto any *** person recommended by the [other] members of the Local Board.
(4) Where any casual vacancy occurs in the office of a Director other than the vacancies provided for in sub-section(1), the vacancy shall be filled [by the Central Government].
(5) A person nominated ***under this section to fill a casual vacancy shall *** hold office for the unexpired portion of the term of his predecessor.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.