Question
The assets in India of every banking company at the
close of business on the last Friday of every quarter or, if that Friday is a public holiday at the close of the business on the preceding working day_________________Solution
Section 25. Assets in India: (1) The assets in India of every banking company at the close of business on the last Friday of every quarter or, if that Friday is a public holiday under the Negotiable Instruments Act, 188, at the close of the business on the preceding working day, shall not be less than seventy-five per cent. of its demand and time liabilities in India.
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