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Section 31 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 31. Returns to be furnished by the Hyderabad Bank

(1) The Hyderabad Bank shall furnish to the Reserve Bank-

(a) Within two months from the date on which its accounts are closed and balanced, its balance sheet, together with the profit and loss account and the auditor’s report, and a report by the Board of Directors, on the working of the Hyderabad Bank during the period covered by the accounts; and

(b) Any other information relating to the affairs and business of the Hyderabad Bank which the Reserve Bank may require.

(2) The balance sheet and the profit and loss account of the Hyderabad Bank shall be signed by the managing director and a majority of the other directors, including the chairman.

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The State Bank of Hyderabad Act,1956

Indian Laws – Bare Acts


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