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Section 46: Preparation of balance-sheet, etc., of National Bank.

The National Bank for Agriculture and Rural Development Act, 1981Central Act · Act 61 of 1981

(1) The balance-sheet and accounts of the National Bank shall be prepared and maintained in such form and manner as may be prescribed.

(2) The Board shall cause the books and accounts of the National Bank to be balanced and closed as on the thirtieth day of June [or such other date in each year as the Central Government may, by notification in the Official Gazette, specify].

[Provided that with a view to facilitating the transition from one period of accounting to another period of accounting under this sub-section, the Central Government may, by order published in the Official Gazette, make such provisions as it considers necessary or expedient for the balancing and closing of, or for other matters relating to, the books or accounts in respect of the concerned years.]

Where this provision sits

ActThe National Bank for Agriculture and Rural Development Act, 1981
Section46
Marginal notePreparation of balance-sheet, etc., of National Bank.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 66 of 1988. . Subs. by Act 66 of 1988, s. 46, for ", each year" (w.e.f. 30-12-1988).
  • inserted. . Ins. by s. 46, ibid. (w.e.f. 30-12-1988).

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