BANKER - S BOOK EVIDENCE ACT
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Banking Regulations and Business Laws — CAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary purpose of the Bankers' Books Evidence Act, 1891?
The Act allows certified copies of entries in bankers' books to be admitted as evidence in legal proceedings, without requiring the original books to be produced in court.
Under which Act can certified copies of bank entries be admitted as evidence in court?
Bankers' Books Evidence Act, 1891
Which year was the Bankers' Books Evidence Act enacted?
The Bankers' Books Evidence Act was enacted in 1891 and has been amended several times since, most notably in 2000 to include electronic records.
What is the minimum number of pages required for a ledger to qualify as a 'bankers' book'?
There is no minimum page requirement specified
What does the term 'bankers' books' include under the Bankers' Books Evidence Act?
Bankers' books include ledgers, day books, cash books, account books, and all other books used in the ordinary course of business of a bank, including printouts of electronic data stored on any electromagnetic device.
Which section of the Bankers' Books Evidence Act defines the term 'bankers' books'?
Section 2 defines bankers' books
Who is defined as a 'bank' under the Bankers' Books Evidence Act?
Under the Act, 'bank' includes any company carrying on the business of banking, post office savings banks, and any bank established under a special law — essentially all scheduled and non-scheduled banks operating in India.
Are microfilm records included in the definition of bankers' books under the Act?
Yes, microfilm and printouts are included
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