Multiple choice

Which of the following statements is not correct with regard to publication of accounts and balance sheet of a bank?

  1. Publication has to be in a newspaper in circulation at the place where the principal office of the banking company is located.

  2. Publication should be within 6 months from end of the period to which the account and balance sheet relate.

  3. Publication can only be in a newspaper that is published every day.

  4. Publication is undertaken u/s 31 of BR Act.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Publication only in a newspaper that is published every day is not true with regards to publication of accounts and balance sheet of a bank. 

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