Banking Regulation Act : Power of Central Government to make rules for the preservation ofrecords.

Banking Regulation Act,1949

Act No : 10

Section : Power of Central Government to make rules for the preservation ofrecords.

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.