Lawgist32Annual accounts and reports
(1) The Corporation shall furnish to the Reserve Bank within three months from the date on which its accounts are balanced and closed the balance-sheet and accounts together with the auditor's report and a report of the working of the Corporation during the year and copies of the said balance-sheet and accounts and reports shall be furnished by the Corporation to the Central Government.
(2) The Central Government shall cause every auditor's report and report of the working of the Corporation to be laid 1[as soon as may be after they received before each House of Parliament 2***.
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1. 5. Subs. by Act 1 of 1984, s. 63, for certain words (w.e.f. 15-2-1984).
2. The words ", while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions" omitted by Act 81 of 1985, s. 6 (w.e.f. 1-5-1986).
- 22 Funds of Corporation
- 23 Deposit Insurance Fund
- 23A Credit Guarantee Fund
- 24 General Fund
- 25 Investment
- 25A Amount in one fund may be transferred to the other fund or may be utilised for other purposes
- 26 Advances by Reserve Bank
- 27 Advances from General Fund to the Deposit Insurance Fund or Credit Guarantee Fund
- 28 Preparation of balance-sheet, etc., by corporation
- 29 Audit
- 30 Income-tax
- 31 Reserve Fund
- 32 Annual accounts and reports
