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According to BR Act, section 32, every banking company shall, send --- copies of balance sheet, accounts and auditors report to the Registrar.

A2

B4

C5

D3

Answer:

D. 3

Read Explanation:

BR Act:

  • The BR Act and the RBI Act empower the Reserve Bank to supervise and regulate the operations of all types of banks in India.

  • Banking Companies Act 1949

  • Act 10 of 1949

  • Banking Companies Act was passed in : 10-3-1949

  • Came into force in : 16-3-1949

  • Banking Companies Act was renamed as Banking Regulation Act in : 1966

  • Banking Regulation Act was applicable to Co-operative Societies in 1965 and came in to force on 1.3.1966

  • Total Number Sections in BR Act - 56

  • Total number of Schedules in BR Act - 5

  • 5 parts

  • 5 Schedules

Section 32-Copies of balance sheet and accounts to be sent to Registrar.

  • Every banking company shall, send three copies of balance sheet, accounts and auditors report to the Registrar


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