Section 45T of RBI Act : Section 45T: Power To Issue Search Warrants
RBI Act
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Explanation using Example
Imagine a situation where an officer of the Reserve Bank of India (RBI) receives information that a company is illegally accepting deposits from the public without the necessary permissions, which is a violation of section 45S of the RBI Act. The officer believes that the company has hidden documents that prove this illegal activity in their office premises.
The RBI officer approaches a local court and submi...
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