Section 33
Display of audited balance-sheet by companies incorporated outside India.
The Banking Regulation Act, 1949
About this Act
An Act to consolidate and amend the law relating to banking.
Every
banking company incorporated 1[outside India] shall, not later than the first Monday in August of any
year in which it carries on business, display in a conspicuous place in its principal office and in every branch office 2[in India] a copy of its last audited balance-sheet and profit and loss account prepared
under section 29, and shall keep the copy so displayed until replaced by a copy of the subsequent
balance-sheet and profit and loss account so prepared, and every such banking company shall display in
like manner copies of its complete audited balance-sheet and profit and loss account relating to its
banking business as soon as they are available, and shall keep the copies so displayed until copies of
such subsequent accounts are available.
Notes
1. Subs. by Act 20 of 1950, s. 3, for "outside the States" (w.e.f. 18-3-1950).
2. Subs. by Act 20 of 1950, s. 3, for "in the States" (w.e.f. 18-3-1950).
2. Subs. by Act 20 of 1950, s. 3, for "in the States" (w.e.f. 18-3-1950).