(1) Banks or financial institutions shall prepare and maintain its balance-sheet, profit and loss account and cash
flow statement and other statements in such format and in such manner as prescribed by the Rastra Bank.
(2) Banks or financial institutions shall submit their balance-sheet and profit and loss account to the Rastra Bank within three months of the completion of each fiscal year and details of such balance-sheet and profit and loss account shall be made public for information of the general public as prescribed by the Rastra Bank within that period. Banks or financial institutions shall make public the audited balance-sheet of Fiscal Year and profit and loss accounts of the transactions within and outside Nepal in such formats as prescribed within nine months of the next fiscal year.
(3) If a bank or financial institution has a subsidiary company, the balance-sheet and profit and loss accounts and status of the transactions of business of the subsidiary company and parent company shall be maintained separately as well as in an integrated manner.
(4) The format, contents, methods of certification and details of the matters to be made public in the balance-sheet and profit and loss accounts to be prepared by a bank or financial institutions pursuant to this Chapter shall be as prescribed or directed by the Rastra Bank.
(5) If the Rastra Bank doubts that a matter made public by a bank or financial institution pursuant to Sub-Section (2) is erroneous, incomplete, misleading or false, it may cause by giving a notice in writing the concerned bank or institution to do the following:-
(a) To publicize the matters omitted or not stated, or
(b) To re-publicize the details which are erroneous, incomplete, misleading or false by correcting them, or
(c) To publish by making correction of the matters as required by directives of the Rastra Bank.