Section 46A of BRA : Section 46A: Chairman, Director, Etc, To Be Public Servants For The Purposes Of Chapter Ix Of The Indian Penal Code

Explanation using Example

Imagine a situation where a managing director of a banking company is offered a bribe to approve a loan that does not meet the bank's lending criteria. Since Section 46A of the Banking Regulation Act, 1949 deems the managing director as a public servant for the purposes of Chapter IX of the Indian Penal Code, accepting this bribe would be an offense under the anti-corruption laws that apply to public servants. If the director were to accept the bribe, they could be prosecuted under those laws just as a government official would be.