Minimum aggregate value of Paid-up Capital and Reserve in case of a Banking Company incorporated outside India not having place(s) of business in the city of Mumbai or Kolkata or both should be Rs. 15 lakhs.

Syllabus for this paper (with weightage): 

Section A : Accounts of Joint Stock Companies 50%
1. Accounting of Shares and Debentures
2. Presentation of Financial Statements (as per Schedule III)
3. Cash Flow Statement
4. Accounts of Banking, Electricity and Insurance Companies
5. Accounting Standards (AS - 11, 12, 15, 16, 17, 18 and 19)