Section 35
National Bank to have access to records.
The National Bank for Agriculture and Rural Development Act, 1981
About this Act
An Act to establish a development bank to be known as the National Bank for Agriculture and Rural Development for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto.
1[(1) The National Bank shall have free access to all
such records of a borrower seeking to avail of any credit or other facilities from the National Bank under
this Act and also to all such records of any person seeking to avail of any credit or other facilities from
such borrower, perusal whereof may appear to the National Bank to be necessary in connection with the
providing of finance or other assistance to such borrower or the refinancing of any loan or advance made
to such person by the borrower.]
(2) The National Bank may require any institution or person referred to in sub-section (1) to furnish to it copies of any of the records referred to in that sub-section and the institution or the person, as the case may be, shall be bound to comply with such requisition.
(2) The National Bank may require any institution or person referred to in sub-section (1) to furnish to it copies of any of the records referred to in that sub-section and the institution or the person, as the case may be, shall be bound to comply with such requisition.
Notes
1. Subs. by Act 55 of 2000, s. 21, for sub-section (1) (w.e.f. 1-2-2001).