Regulation of Banks (Remuneration and Conditions of Employment) (Temporary Provisions) Act, 1973

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Powers of authorised officers.

9.—(1) An authorised officer may, for the purpose of obtaining any information which the Minister may require for enabling him to exercise his functions under this Act, do any one or more of the following things:

(a) at all reasonable times enter premises of a bank,

(b) require any person, being a director or a member of the committee of management or other controlling authority of the bank or an employee thereof, to produce to him any records, books or documents which are in the person's power or control and which the officer has reasonable grounds for believing to be records, books or documents containing information of the kind aforesaid and to give him such information as he may reasonably require in regard to any entries in any such records, books or documents,

(c) inspect and copy or take extracts from any such records, books or documents.

(2) If any person obstructs or impedes an authorised officer in the exercise of his powers under subsection (1) of this section or does not comply with a requirement of an authorised officer under the said subsection (1), that person shall be guilty of an offence.