law: Banking Regulation Act, 1949
  34. Accounting provisions of this Act not
  
  retrospective
  Nothing in this Act shall apply to the
  
  preparation of accounts by a banking company and the audit and submission
  
  thereof in respect of any accounting year which has expired prior to the
  
  commencement of this Act, and notwithstanding the other provisions of this Act,
  
  such accounts shall be prepared, audited and submitted in accordance with the
  
  law in force immediately before the commencement of this Act.