New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the Insurance Act, what is the maximum

    period that books, accounts, papers, receipts, vouchers, reports, or other documents can be retained by the authorized officer after seizure?
    A 60 days Correct Answer Incorrect Answer
    B 90 days Correct Answer Incorrect Answer
    C 120 days Correct Answer Incorrect Answer
    D 180 days Correct Answer Incorrect Answer
    E 365 days Correct Answer Incorrect Answer

    Solution

    Section 34H. Search and seizure (5) The books, accounts, papers, receipts, vouchers, reports, or other documents seized under sub-section (1) shall not be retained by the authorised officer for a period exceeding one hundred and eighty days from the date of the seizure unless the reasons for retaining the same recorded by hi m in writing and the approval of the Chairperson of the Authority for such retention is obtained.

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