Banking Regulation Act, 1949 — back to Table of Contents
Section 45F. Documents of banking company to be evidence
(1) Entries in the books of account or other documents of a banking company being wound up are admissible in evidence in all legal proceedings. Such entries may be proved either by producing the books of account or other documents containing them, or by producing a certified copy of the entries signed by the official liquidator, stating it is a true copy of the original entries and that the originals are contained in the banking company’s books or documents in the liquidator’s possession.
(2) Notwithstanding anything to the contrary in the Indian Evidence Act, 1872, all such entries are, as against the directors, officers, and other employees of the banking company in respect of which the winding-up order was made, prima facie evidence of the truth of all matters purporting to be recorded in them.
Note: Part IIIA was inserted by the Banking Companies (Amendment) Act, 1953. Sub-section (2) was extended to cover officers and other employees, and its scope broadened, by the Banking Laws (Miscellaneous Provisions) Act, 1963.
