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 45Y: Power of Central Government to make rules for the preservation of records.
    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.]
Notes:
1. Ins. by Act 1 of 1984, s. 37 (w.e.f. 29-3-1985).
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