Banks Act, 1990 (Act No. 94 of 1990)

Chapter III : Authorisation to Establish, and Registration and Cancellation of Registration of, Banks

21. Untrue information in connection with applications
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Any person who in or in connection with—

(a)an application for authorization to establish a bank; or

[Paragraph (a) substituted by section 14(a) of Act No. 26 of 1994, with effect from 1 June 1996]

(b)an application for registration as a bank,

[Paragraph (b) substituted by section 14(b) of Act No. 26 of 1994, with effect from 1 June 1996]

(c)[Paragraph (c) deleted by section 14(c) of Act No. 26 of 1994 with effect from 1 June 1996]

furnishes the Authority with any information which to the knowledge of such person is untrue or misleading in any material respect, shall be guilty of an offence.