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Section 20: Annual report to be furnished to the shareholders.

The Regional Rural Banks Act, 1976Central Act · Act 21 of 1976

[(1)] Every Regional Rural Bank shall, within [three months from the date of the closure of its accounting year, or such further period, not exceeding three months, as may be permitted by the Reserve Bank], send to each of its shareholders a report as to its working and activities during the accounting year immediately preceding together with a copy of its balance-sheet, profit and loss account and the auditor’s report in relation to the accounts of the said accounting year.

[(2) The Central Government shall cause every auditor’s report and report on the working and activities of each Regional Rural Bank to be laid, as soon as may be after they are received, before each House of Parliament.]

Where this provision sits

ActThe Regional Rural Banks Act, 1976
Section20
Marginal noteAnnual report to be furnished to the shareholders.
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.

  • renumbered, Act 81 of 1985. . S. 20 renumbered as sub-section (1) thereof by Act 81 of 1985, s. 11 (w.e.f. 1-5-1986).
  • substituted, Act 1 of 1988. . Subs. by Act 1 of 1988, s. 12, for "sixty days from the date of closure of its accounting year" (w.e.f. 28-9-1988).
  • inserted, Act 81 of 1985. . Ins. by Act 81 of 1985, s. 11 (w.e.f. 1-5-1986).

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