Lawgist53Returns
(1) The Bank shall prepare and transmit to the 1[Central Government] a weekly account of the Issue Department and of the Banking Department in2[such] form as the 1[Central Government] may, by notification in the Gazette of India, prescribe. The 1[Central Government] shall cause these accounts to be 3[published in the Gazette of India at such intervals and in such modified form as it may deem fit].
(2) The Batik shall also, within two months from the date on which the annual accounts of the Bank are closed, transmit to the 4[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 4[Central Government] shall cause such accounts and report to be published in the Gazette of India.
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1. Subs. by the M.O. 1937, for "G.G. in C.".
2. Subs. by the M.O. 1937, for certain words.
3. Subs. by Act 24 of 1978, s. 9, for "published weekly in the Government of India" (w.e.f. 21-7-1978).
4. Subs. by the M.O. 1937, for "G.G. in C.".
5. Sub-section (3) omitted by Act 62 of 1948, s. 7 and the Schedule (w.e.f. 1-1-1949).
- 46 Contribution by Central Government to the Reserve Fund
- 46A Contribution to National Rural Credit (Long Term Operations) Fund and Nation al Rural Credit (Stabilisation) Fund
- 46C National Industrial Credit (Long Term Operations) Fund
- 46D National Housing Credit (Long Term Operations) Fund
- 47 Allocation of surplus profits
- 48 Exemption of Banks from income-tax and super-tax
- 49 Publication of Bank rate
- 50 Auditors
- 51 Appointment of special auditors by Government
- 52 Powers and duties of auditors
- 53 Returns
- 54 Rural Credit and Development
- 54A Delegation of powers
- 54AA Power of Bank to depute its employees to other institutions
- 55 [Omitted.]
- 56 [Omitted.]
- 57 Liquidation of the Bank
- 58 Power of the Central Board to make regulations
- 58A Protection of action taken in good faith
