Section 46: Compulsory transfer of business records

(1) A business house or company affected by section 45 of this Act and which has not established an archival division by itself or jointly with other business houses or companies by a date to be prescribed by the President shall transfer all its non-current records to the National Archives.
(2)
The records transferred into the National Archives under subsection (1) of this section shall be deemed to be public records under this Act and shall be so managed.
(3) No compensation shall be paid for the records transferred by virtue of this section.