Section 45Y: Power of Central Government to make rules for the preservation of records.

Q: What does Section 45Y of The Banking Regulation Act, 1949 (BR Act) deal with?

Section 45Y BR Act pertains to "Power of Central Government to make rules for the preservation of records.". It is part of the The Banking Regulation Act, 1949, a legislation enacted by the Parliament of India. Section 45Y of The Banking Regulation Act, 1949 (BR Act) governs power of Central Government to make rules for the preservation of records. As verified on 22 May 2026.

Q: Is Section 45Y BR Act still in force?

Yes, Section 45Y of the The Banking Regulation Act, 1949 is currently in force across the Republic of India.

Q: What is धारा 45Y BR Act?

धारा 45Y BR Act is the Devanagari Hindi reference for Section 45Y of the The Banking Regulation Act, 1949. Section 45Y of The Banking Regulation Act, 1949 (BR Act) governs power of Central Government to make rules for the preservation of records. As verified on 22 May 2026.

Q: What is Dhara 45Y BR Act?

Dhara 45Y BR Act is the Roman Hindi reference for Section 45Y of the The Banking Regulation Act, 1949. "Dhara" means "Section" in Hindi. Section 45Y of The Banking Regulation Act, 1949 (BR Act) governs power of Central Government to make rules for the preservation of records. As verified on 22 May 2026.

Q: How to cite Section 45Y of The Banking Regulation Act, 1949?

Cite as: "Section 45Y, The Banking Regulation Act, 1949 (BR Act)" in legal briefs. For academic writing, use the BlueBook format: The Banking Regulation Act, 1949, 1949, § 45Y (India).

Law on Tips Editorial Board

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—