The Bankers Books Evidence Act, 1891
The Bankers Books Evidence Act, 1891 allows Bankers to present evidence in legal proceedings based on their books of account.
Banking TransactionsLegal ProceedingsBooks Of AccountFinancial InstitutionsEvidenceLegal Mechanism
Summary
The Bankers Books Evidence Act, 1891 provides a legal mechanism to ensure that Bankers can present evidence in legal proceedings based on their books of account. The act applies to banks and financial institutions and is intended to facilitate the production of evidence in court cases that involve banking transactions. The Act outlines the procedure for a banker to produce copies of entries in their books of account as evidence and provides protection to the banker against any legal action that may arise due to the production of such evidence. The act is a crucial piece of legislation that helps to ensure that the Indian banking system operates smoothly and efficiently.