State Financial Corporations Act,1951

Act No : 63

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Section : Returns.

38. Returns. 3*["(1) The Financial Corporation shall furnish to the State Government, the Development Bank and the Reserve Bank such statements and returns in such form as the State Government, the Development Bank or the Reserve Bank may require from time to time."] ---------------------------------------------------------------------- 1. Ins. by Act 56 of 1956, s. 21. 2. Subs. by Act 52 of 1975, s. 37, for "Reserve Bank" (w.e.f. 16-2- 1976). 3. Subs. by Act 43 of 1985, s. 25. 87D (3) The Financial Corporation shall furnish 1*[to the State Government, the Development Bank and the Reserve Bank] within 2*[four months] of the close of each financial year a statement in the prescribed form of its assets and liabilities as at the close of that year, together with a profit and loss account for the year, the auditors' report and a report of the working of the Financial Corporation during the year and copies of the said statement, account and reports shall be published in the Official Gazette and shall also be laid before the Legislature of the State.

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