Section 43:
Returns to be furnished by a subsidiary bank.
(1) A subsidiary bank shall furnish to the
State Bank 1
[, the Reserve Bank and the Central Government]--
(a) 2
[within three months from the 31st day of 3
[March]
4
[or the date notified under section
39, as the case may be,] as on which its books 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 5
[and activities] of the subsidiary bank during the period covered by the accounts;
and
(b) any other information relating to the affairs and business of the subsidiary bank which the
State Bank or the Reserve Bank may require:
6
[Provided that the Reserve Bank may, after consultation with the State Bank, extend the said
period of three months by such further period, not exceeding three months, as it may think fit.]
7
[(2) The balance-sheet and profit and loss account of the subsidiary bank shall be signed by
persons holding the office of the chairman, managing director, and a majority of the other directors of
the subsidiary bank in office.]
5
[(3) The Central Government shall cause the auditor's report and the report by the Board of
directors on the working and activities of the subsidiary bank to be laid, as soon as may be after they
are received, before each House of Parliament 8
* * *.
Notes:
1. Subs by Act 1 of 1984 s. 51, for "and the Reserve Bank" (w.e.f. 15-2-1984).
2. Subs. by Act 48 of 1973, s. 32, for "within three months from the date on which its accounts are closed and balanced"
(w.e.f. 31-12- 1973).
3. Subs. by Act 30 of 2007, s. 21, for "December" (w.e.f. 9-7-2007).
4. Ins. by Act 66 of 1988, s. 21 (w.e.f. 30-12-1988).
5. Ins. by Act 1 of 1984, s. 51 (w.e.f. 15-2-1984).
6. Ins. by Act 48 of 1973, s. 32 (w.e.f. 31-12-1973).
7. Subs. by Act 30 of 2007, s. 21, for sub-section (2) (w.e.f. 9-7-2007).
8. 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. 4 (w.e.f. 1-5-1986).