Banking Regulation Act, 1949 Section 45Y - Bare Act |
| State | Central Government |
| Year | 1949 |
| Section Title | 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.