Section 43A: Power to call for certain information, etc

43A. Power to call for certain information, etc.-- Where it appears to the State Bank that a company 3[,firm] or any other person is transacting in any manner or form whatsoever the business, of banking in contravention of sub-section (1) of section 27 3[,or is receiving or has received deposits of money in contravention of section 27A] the State Bank may-- (a) direct the company 3[,firm] or such other person, or any person who is, or has at any time been, dealing, doing business or associated in any manner with the company 3[,firm] or such other person, to give or furnish to the State Bank, within such time as the State Bank may specify in its requisition, such information, documents or records respecting any business carried on by the company 3[,firm] or such other person as may be within its or his knowledge or in or under its or his possession, custody or control; (b) authorise any person to enter and search any premises and seize books, accounts or other documents or records respecting any business carried on by the company 3[,firm] or such other person as may be in or under the possession, custody or control of the company 3[,firm] or such other person or a person who is, or has at any time been, dealing, doing business or associated in any manner with the company 3[,firm] or such other person, or any officer or employee of the company 3[,firm] or such other person or of the person dealing, doing business or associated with the company 3[,firm] or such other person; (c) inspect or examine, or cause to be inspected or examined, the company, 3[firm] or such other person, or a person who is, or has at any time been, dealing, doing business or associated with it or him as aforesaid, or any officer or employee of the company 3[,firm] or such other person or of the person dealing, doing business or associated with the company 3[,firm] or such other person, and any of its or his books, accounts or other documents or records referred to in clause (b); and (d) exercise, as far as may be applicable, in relation to the company 3[,firm] or such other person, or any person who is, or has at any time been, dealing, doing business or associated with it or him as aforesaid, the powers conferred on the State Bank by sub-sections (1), (2), (4) and (5) of section 40.

Effective date: 1962-06-07

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