29. Register of deposit

(1) Every non-banking financial company shall keep one or more registers in respect of all deposits in which shall be entered separately in the case of each depositor the following particulars, namely: -

i. name and address of the depositor,

ii. date and amount of each deposit,

iii. duration and the due date of each deposit,

iv. date and amount of accrued interest or premium on each deposit,

v. date of claim made by the depositor,

vi. date and amount of each repayment, whether of principal, interest or premium,

vii. the reasons for delay in repayment beyond five working days and

viii. any other particulars relating to the deposit.

(2) The register or registers aforesaid shall be kept at each branch in respect of the deposit accounts opened by that branch of the company and a consolidated register for all the branches taken together at the registered office of the company and shall be preserved in good order for a period of not less than eight calendar years following the financial year in which the latest entry is made of the repayment or renewal of any deposit of which particulars are contained in the register:

Provided that, if the company keeps the books of account referred to in sub-section (1) of section 209 of the Companies Act, 1956 (Act 1 of 1956) at any place other than its registered office in accordance with the proviso to that sub-section, it shall be deemed to be sufficient compliance with this clause if the register aforesaid is kept at such other place, subject to the condition that the company delivers to the Bank a copy of the notice filed with the Registrar of Companies under the proviso to the said sub-section within seven days of such filing.