The Bankers' Books Evidence Act, 1891
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What is the primary purpose of the Bankers' Books Evidence Act, 1891?
The Act makes certified copies of entries in bankers' books admissible as evidence in legal proceedings, avoiding the need to produce original books in court.
What is the full name and year of the legislation governing bankers' books as evidence?
The Bankers' Books Evidence Act, 1891.
Which types of banks are covered under the Bankers' Books Evidence Act, 1891?
The Act applies to all banks including the Reserve Bank of India, nationalised banks, co-operative banks, and any company or person carrying on the business of banking.
Which court is empowered to order inspection of bankers' books under the Act?
Any court of competent jurisdiction may order such inspection.
How does the Act define 'bankers' books'?
Bankers' books include ledgers, day books, cash books, account books, and all other books used in the ordinary course of banking business, including printouts of data stored in electronic form.
What is the key advantage offered by the Bankers' Books Evidence Act to banks in court proceedings?
Banks can submit certified copies instead of producing original books.
What is a 'certified copy' under the Bankers' Books Evidence Act, 1891?
A certified copy is a copy of an entry in a banker's book accompanied by a certificate stating that it is a true copy of the entry, signed and dated by a principal accountant or manager of the bank.
Under Section 2 of the Act, which cooperative societies are included in the definition of 'bank'?
Cooperative societies carrying on the business of banking are included.
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