Question
Within what timeframe must the Corporation furnish its
balance sheet, accounts, auditor’s report, and a report of its working to the Reserve Bank as per the Deposit Insurance and Credit Guarantee Corporation Act?Solution
Section 32 Annual accounts and reports: (1) The Corporation shall furnish to the Reserve Bank within three months from the date on which its accounts are balanced and closed the balance sheet and accounts together with the auditor’s report and a report of the working of the Corporation during the year and copies of the said balance sheet and accounts and reports shall be furnished by the Corporation to the Central Government. Â
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