Act Number: 10

Act Name: The Banking Regulation Act, 1949

Year: 1949

Enactment Date: 1949-03-10

Long Title: An Act to consolidate and amend the law relating to banking.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 36AI: Tribunal to have powers of a civil court.
    1[36AI. Tribunal to have powers of a civil court.-- (1) The Tribunal shall have the powers of a civil court, while trying a suit, under the Code of Civil Procedure, 1908 (5 of 1908), in respect of the following matters, namely:--
         (a) summoning and enforcing the attendance of any person and examining him on oath;
         (b) requiring the discovery and production of documents;
         (c) receiving evidence on affidavits;
         (d) issuing commissions for the examination of witnesses or documents.
     (2) Notwithstanding anything contained in sub-section (1), or in any other law for the time being in force, the Tribunal shall not compel the Central Government or the Reserve Bank,--
         (a) to produce any books of account or other documents which the Central Government, or the Reserve Bank, claims to be of a confidential nature;
         (b) to make any such books or documents part of the record of the proceedings before the Tribunal; or
         (c) to give inspection of any such books or documents to any party before it or to any other person.]
Notes:
1. Ins. by Act 58 of 1968, s. 15 (w.e.f. 1-2-1969)
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