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Section 45Y

Power of Central Government to Make Rules for the Preservation of Records.

The Banking Regulation Act, 1949
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.]




1. Ins. by Act 1 of 1984, s. 37 (w.e.f. 29-3-1985).