Section 42, Revenue Recovery Act, 1890 [S14-WHZ]
As at 6 September 2026. In force from 13 November 1892 by S.O. 2489(E) [N11-C30].
42. Maintenance of records and furnishing of returns.—(1) Every borrower shall maintain such records and registers relating to the borrowing of money as may be prescribed and shall preserve them for a period of five years. (2) Every borrower shall furnish to the Reserve Bank a return in Form A within sixty days from the end of every financial year, and such other information as the Reserve Bank may, by order in writing, require.
Defined terms in this text (2)
borrower: Section 2, Revenue Recovery Act, 1890 [S14V9P] (In this Act, unless the context otherwise requires,—): "borrower" means any person who has been granted financial assistance by any bank or financial institution or who has given any guarantee or created any mortgage or pledge as security for the financial assistance granted
borrower: 25 more definitions.
Reserve Bank: Section 2, Revenue Recovery Act, 1890 [S14V9P] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)
Reserve Bank: 24 more definitions.
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