The Reserve Bank of India was set up as a Share Holders' Bank. The Share Issue of
the Bank offered in March, 1935 was the largest share issue in India at the time.
The matter was further compounded by the conditions and restrictions imposed under
the Act. These conditions related to qualifications of the shareholders, the geographical
distribution and allotment of shares (to avoid concentration of shares and to ensure
that those holding the shares were fit and proper. To simplify matters, Share Certificate
Forms of the different registers were printed in different colours. Despite the
intricate and gigantic nature of the task, it was carried out with great 'accuracy
and dispatch'.
