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When should net worth be computed for scheduled commercial banks/urban co-operative banks and NBFCs, which are not in existence as on March 31, 2011?

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When should net worth be computed for scheduled commercial banks/urban co-operative banks and NBFCs, which are not in existence as on March 31, 2011?

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The MCA press release dated May 5, 2010 clarifies in Issues 8 that the net worth in such cases will be calculated based on the first balance sheet ending after that date.

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