Section 45Y
Power of Central Government to make rules for the preservation of records.
The Banking Regulation Act, 1949
About this Act
An Act to consolidate and amend the law relating to banking.
1[45Y. Power of Central Government to make rules for the preservation of records.--The
Central Government may, after consultation with the Reserve Bank and by notification in the Official
Gazette, make rules specifying the periods for which--
(a) a banking company shall preserve its books, accounts and other documents; and
(b) a banking company shall preserve and keep with itself different instruments paid by it.]
(a) a banking company shall preserve its books, accounts and other documents; and
(b) a banking company shall preserve and keep with itself different instruments paid by it.]
Notes
1. Ins. by Act 1 of 1984, s. 37 (w.e.f. 29-3-1985).