Section 7, Central Provinces Financial Commissioner’s Act, 1908 [S15-YBE]

As at 7 September 2026. In force from 1 November 1908 by S.O. 1260(E) [N11-DK1].

In Central Provinces Financial Commissioner’s Act, 1908 [A10-7DH]. This text from 1 November 1908. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 7, Central Provinces Financial Commissioner’s Act, 1908 [S15-YBE]. Machine: S15-YBE.

7. 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 B within seven 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, Central Provinces Financial Commissioner’s Act, 1908 [S15Y6M] (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, Central Provinces Financial Commissioner’s Act, 1908 [S15Y6M] (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.

Made under this section, or naming it (1)

Circular of the Department of Financial Services dated 12th July, 1910 on section 7 of the Central Provinces Financial Commissioner’s Act, 1908 [C10-9WN], 12 July 1910, in force. The text contains "section 7 of the Central Provinces Financial Commissioner’s Act, 1908 (13 of 1908)".

Cited by (2)

Section 38, Central Provinces Financial Commissioner’s Act, 1908 [S15-ZA8], 17 June 1908, Band A. "section 7".

Rule 6, Central Provinces Financial Commissioner’s Act Rules, 1908 [S15-ZSB], 1 November 1908, Band A. "sub-section (2) of section 7 of the Act".

Not held (0)

none

Duties published under this section (1)

D10-9KE. Every borrower: Maintain records and registers of the borrowing of money; preserve for five years; furnish the annual return in Form B; seven days from the end of every financial year; Form B. Published by Department of Financial Services, Ministry of Finance (synthetic record).