Rules and Regulations of India

Law Library of Rules and Regulations of India


15. Manner of publication of accounts and balance sheet

The balance sheet and profit and loss account prepared in terms of section 29 of the Act together with the Auditor’s report shall be published within a period of six months from the end of the period to which they relate in a newspaper which is in circulation at the place where the banking company has its principal office.

Explanation: For the purposes of this rule, the expression ‘newspaper’ means any newspaper or journal published at least once a week, but does not include a journal other than a banking, commercial, financial or economic journal.

Main Index

Rules and Regulations of India


Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2024 Rules and Regulations of India