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Section 45C: Power to call for returns containing credit information.

The Reserve Bank of India Act, 1934Central Act · Act 2 of 1934

[45C. Power to call for returns containing credit information.--(1) For the purpose of enabling the Bank to discharge its functions under this Chapter, it may at any time direct any banking company to submit to it such statements relating to such credit information and in such form and within such time as may be specified by the Bank from time to time.

(2) A banking company shall, notwithstanding anything to the contrary contained in any law for the time being in force on in any instrument regulating the constitution thereof or in any agreement executed by it, relating to the secrecy of its dealings with its constituents, be bound to comply with any direction issued under sub-section (1).]

Where this provision sits

ActThe Reserve Bank of India Act, 1934
Section45C
Marginal notePower to call for returns containing credit information.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 35 of 1962. . Ins. by Act 35 of 1962, s. 6 (w.e.f. 1-9-1962).

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