Building Societies Act, 1989

Form of registers, records, etc.

117.—(1) A building society shall maintain, in addition to the records required to be kept by a society by virtue of section 76 , such other records as may be specified by the Central Bank.

(2) Any register or record required to be kept by or under this Act may be kept either by making entries in bound books or by recording the matters in question in any other manner provided such recording is readily accessible and readily convertible into written form in an official language of the State.

(3) Any duty imposed by this Act to allow inspection of, or to furnish a copy of, a record, or any part of it, is to be treated as a duty to allow inspection of, or to furnish, a reproduction of the recording or of the relevant part of it in a written form in an official language of the State.

(4) Where any register or record required to be kept by or under this Act is not kept by making entries in a bound book but by some other means, adequate precautions shall be taken by the person required to keep the register or record for guarding against falsification and for facilitating the discovery of any such falsification.

(5) The Central Bank may, from time to time, specify the form of any application, notice or other document required to be made or sent to it under this Act.

(6) Without prejudice to any other provision of this Act, the Central Bank may fix fees to be paid for the inspection of any document or the furnishing of any copies in its custody or in connection with the exercise by it of any of its functions under this Act and any moneys so received by it shall be paid into the general fund of the Bank.