The Banking Regulation Act

Power of Central Government to make rules for the preservation of records

Return of paid instruments to customers

Nomination for payment of depositors' money

Notice of claims of other persons regarding deposits not receivable

Nomination for return of articles kept in safe custody with banking company

Notice of claims of other persons regarding articles not receivable

Release of contents of safety lockers

Notice of claims of other persons regarding safety lockers not receivable


PROVISIONS RELATING TO CERTAIN OPERATIONS OF BANKING COMPANIES


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.]

LAWGIST

# 45Y Power of Central Government to make rules for the preservation of records