The Presidency Banks Act 1876, 11 of 1876, (Rep., Act 47 of 1920) · IX — .

Section 43. The directors shall cause the books of the Bank to be balanced on every thirty-first day of December and every thirtieth day of June

Repealed or not in force · As amended up to 2026-08

CHAPTER IX. ACCOUNTS AND DIVIDENDS. Books to be balanced twice a year. 43. The directors shall cause the books of the Bank to be balanced on every thirty-first day of December and every thirtieth day of June. A statement of the balance at every such period, signed by a majority of the directors, shall be forthwith sent to a Secretary to the Government of India, and in the cases of the Bank of Madras and the Bank of Bombay, also to a Secretary to the Local Government. The Governor General in Council in the case of each of the said Banks, and the Local Government in the case of the Bank of Madras and the Bank of Bombay, shall (so long as any such arrangement with the Government as aforesaid, which has already been, or shall hereafter be, entered into remains in force) at all times be entitled to require of the directors any information touching the affairs of the Bank and the production of any document of the Bank, and in the case of each of the said Banks, the Governor General in Council may require the publication of such statements of its assets and liabilities 1876.] Presidency Banks. at such intervals and in such form and manner as the Governor General in Council thinks fit. Every requisition under this section shall be signified in writing under the hand of a Secretary to the Government of India or to the Local Government (as the case may be), and the directors shall comply with every such requisition.

Source: India Code