The State Bank of Hyderabad Act,1956
Section 29. Closing of annual accounts
(1) The Hyderabad Bank shall cause its books to be closed and balanced on the thirty-first day of December in each year:
Provided that the Hyderabad Bank may, with the previous approval of the Reserve Bank and shall, when so directed by it,-
(a) Not close or balance its accounts on the thirty-first day of December in any year, or
(b) Close and balance its books on any other day of the year or for any period other than a calendar year.
(2) Where in pursuance of the proviso to sub-section (1), the Hyderabad Bank closes and balances its accounts on and day other than the thirty-first day of December or for any period more or less than a year, the provisions of this Act relating to the annual closing and audit of annual balance sheet and accounts shall apply to such closing and balancing of accounts mutatis mutandis.
