Question

Where a banking company appropriates any sum or sums from the reserve fund or the share premium account, it shall, within _______________, report the fact to the Reserve Bank, explaining the circumstances relating to such appropriation.

A Thirty days from the date of such appropriation
B Sixty days from the date of such appropriation
C Twenty-one days from the date of such appropriation
D Forty -five days from the date of such appropriation
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