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FINAL ACCCOUTNS OF BANKING COMPANIES
Under which Act are banking companies required to prepare their final accounts?
Banking companies are required to prepare their final accounts under the Banking Regulation Act, 1949, along with the Companies Act, 2013.
What is the primary legislation governing the preparation of final accounts by banking companies in India?
Banking Regulation Act 1949 along with Companies Act provisions.
What is the prescribed format for the Balance Sheet of a banking company in India?
The Balance Sheet of a banking company must be prepared in Form A as prescribed under the Third Schedule of the Banking Regulation Act, 1949.
Which schedule of the Banking Regulation Act contains the prescribed format for bank balance sheets?
Third Schedule of the Banking Regulation Act 1949.
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