Section 50, Reserve Bank (Transfer of Public Ownership) Act, 1948 [S19-6HZ]

50. Powers of authorised officer.—(1) The authorised officer may, for the purpose of ascertaining whether the provisions of this Act or the rules made thereunder are being complied with, at all reasonable times enter any premises where the enforcement of security interest is carried on, inspect any licence found therein, and require the production of any record or register maintained under this Act. (2) The authorised officer may seize any licence in respect of which he has reason to believe that an offence under this Act has been committed. (3) The provisions of the Code of Criminal Procedure, 1973 (2 of 1974) shall, so far as may be, apply to any search or seizure under this section.