Section 7, Regional Rural Banks Act, 1976 [S1Q-3MA]
As at 7 September 2026. In force from 17 April 1976.
7. Maintenance of records and furnishing of returns.—(1) Every shopkeeper in a village market shall maintain such records and registers relating to the keeping of a shop in a village market as may be prescribed and shall preserve them for a period of five years. (2) Every shopkeeper in a village market shall furnish to the Gram Panchayat a return in Form 2 within fifteen days from the end of every financial year, and such other information as the Gram Panchayat may, by order in writing, require.
Defined terms in this text (2)
Panchayat: Section 2, Regional Rural Banks Act, 1976 [S1Q3FS] (In this Act, unless the context otherwise requires,—): "Panchayat" means an institution of self-government constituted under article 243B of the Constitution for the rural areas
Panchayat: 15 more definitions.
village: Section 2, Regional Rural Banks Act, 1976 [S1Q3FS] (In this Act, unless the context otherwise requires,—): "village" means a village specified by the Governor by public notification to be a village for the purposes of this Act
village: 15 more definitions.
Made under this section, or naming it (1)
Circular of the Ministry of Panchayati Raj dated 19th May, 1981 on section 7 of the Regional Rural Banks Act, 1976 [C10-E96], 19 May 1981, in force. The text contains "section 7 of the Regional Rural Banks Act, 1976 (21 of 1976)".
Cited by (1)
Section 55, Regional Rural Banks Act, 1976 [S1Q-54Q], 17 April 1976, Band A. "section 7".
Not held (0)
none
Duties published under this section (1)
D11-69E. Every shopkeeper in a village market: Maintain records and registers of the keeping of a shop in a village market; preserve for five years; furnish the annual return in Form 2; fifteen days from the end of every financial year; Form 2. Published by Ministry of Panchayati Raj, Ministry of Panchayati Raj (synthetic record).