Section 39 of The National Bank for Agriculture and Rural Development Act, 1981
The National Bank may also do all such things as may be necessary or incidental to or consequential upon the exercise of its powers, discharge of its functions and the performance of its duties, under this Act, or under any other law for the time being in force.
Summary
- The National Bank is allowed to take extra actions that are necessary or naturally follow from using its main powers.
- It can do whatever is incidental to completing its duties and functions.
Practical examples
FAQ
1. Can the National Bank do things that are not strictly written in the Act?
Yes, it can do things that are necessary, incidental, or consequential to performing its official duties.
2. Do these extra powers only apply to the rules in the 1981 Act?
No, they also cover duties given to the National Bank by any other law currently in force.
3. Is there a limit to these incidental powers?
Yes, the actions must be tied directly to exercising its powers, discharging its functions, or performing its duties.
Test yourself
Q1.Under Section 39 of The National Bank for Agriculture and Rural Development Act, 1981, what kind of actions can the National Bank take beyond its explicitly listed powers?
Q2.Under Section 39 of The National Bank for Agriculture and Rural Development Act, 1981, do the National Bank's incidental powers apply to duties given to it by other laws?
Q3.If the National Bank is required to study rural credit under a new environmental law, how does Section 39 of The National Bank for Agriculture and Rural Development Act, 1981 affect this task?
Q4.Under Section 39 of The National Bank for Agriculture and Rural Development Act, 1981, which of the following best describes the limits on these unlisted powers?