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FINAL ACCOUNTS OF
BANKING COMPANIES

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Important Terms

1. Introduction
2. Legal Provisions
3. Non Banking Financial Assets
4. Capital Structure
5. Reserve Fund
6. Statutory Reserve
7. Cash Reserve
8. Bills for Collection
9. Rebate on Bills for Collection
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10. Non performing Assets
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Restrictions on Business

Buying or selling or bartering of goods except

1. in connection with the realisation of security given to it.
2. In connection with Bills of Exchange.
3. Bank can not hold shares in any company other than its own subsidiary
of an amount exceeding 30% of paid up capital of other company or its
own which ever is less.
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Capital Structure

1.The subscriber capital must not be less than 50% of its

Authorised Capital.
2.Its paid up capital must not be less than 50% of subscribed
capital.
3.It consists only Ordinary of equity shares.
4.Voting right for any single share holder should not exceeds 1%
of total voting rights.
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Reserve Fund

1.Sum equivalent to not less than 25% of such profit.

2.Reserve Fund together with share Premium is not
less than the paid up capital of the Banking
Company.

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 Schedule 10 Fixed Assets
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