Reserve Bank of India Act,1934
Act No : 2
Section : Returns
53. Returns.- (1) The Bank shall prepare and transmit to the Central Government a weekly account of the Issue Department and of the ---------------------------------------------------------------------- 1. Subs. by Act 62 of 1948, s. 7 and Sch., for the former section. 2. Subs. by Act 32 of 1951, s. 18, for "Auditor-General". 3. The words "or such auditors as it thinks fit" were rep. by Act 62 of 1948, 7 and Sch. (w.e.f. 1-1-1949). 4. See also Act 7 of 1940, s. 4. 5. The words "if appointed by it or at the expense of that Central Government if appointed by that Government" were omitted by Act 24 of 1955, s. 9. 6. The words "to the shareholders or" were rep. by Act 62 of 1948, s. 7 and Sch. 7. The words "as the case may be" were rep. by s. 7 and Sch., ibid. 8. The words "Any such report made to the shareholders shall be read, together with the report of the Central Board, at the annual general meeting." were rep. by Act 62 of 1948, s. 7 and Sch., (w.e.f. 1-1-1949). 42K Banking Department in 1*[such] form as the Central Government may, by notification in the Gazette of India, prescribe. The Central Government shall cause these accounts to be 2*[published in the Gazette of India at such intervals and in such modified form as it may deem fit]. 3*(2) The Bank shall also, within two months from the date on which the annual accounts of the Bank are closed, transmit to the Central Government a copy of the annual accounts signed by the Governor, the Deputy Governors and the Chief Accounting Officer of the Bank and certified by the auditors, together with a report by the Central Board on the working of the Bank throughout the year, and the Central Government shall cause such accounts and report to be published in the Gazette of India. 4* * * * * *
Read All Comments