Disposal of profits accruing to Small Industries General Fund .-(1) The Small Industries Bank may establish a reserve fund to which may be transferred such sums as the Bank may deem fit out of the annual profits accruing to the Small Industries General Fund

Audit .- [(1) The accounts of the Small Industries Bank shall be audited by auditors duly qualified to act as auditors under sub-section (1) of section 226 of the Companies Act, 1956 (1 of 1956), who shall be appointed by the Small Industries Bank in general meeting of the shareholders out of the panel of auditors approved by the Reserve Bank for such term and on such remuneration as the Reserve Bank may fix.]