Every banking company shall, within thirty days after the close of each calendar year, submit a return in the prescribed form and manner to the Reserve Bank as at the end of such calendar year of all accounts *[in India] which have not been operated upon for ten years, **:
Provided that in the case of money deposited for a fixed period the said term of ten years shall be reckoned from the date of the expiry of such fixed period:
***[Provided further that every regional rural bank shall also furnish a copy of the said return to the National Bank.]
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* Subs. by Act 20 of 1950, s. 3, for "in the States" (w.e.f.18-3-1950)
**Certain words omitted by Act 55 of 1963, s. 14 (w.e.f. 1-2-1964)
***
Ins. by Act 61 of 1981, s. 61 and the Second Schedule (w.e.f. 1-5-1982)
Section 16 Prohibition of common directors
Section 19 Restriction on nature of subsidiary companies
Section 20 Restrictions on loans and advances
Section 20A Restrictions on power to remit debts
Section 21 Power of Reserve Bank to control advances by banking companies
Section 21A Rates of interest charged by banking companies not to be subject to scrutiny by courts
Section 22 Licensing of banking companies
Section 23 Restrictions on opening of new and transfer of existing, places of business
Section 24 Maintenance of a percentage of assets
Section 26 Return of unclaimed deposits
Section 26A Establishment of Depositor Education and Awareness Fund
Section 27 Monthly returns and power to call for other returns and information
Section 28 Power to publish information
Section 29 Accounts and balance-sheet