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

Chapter V : Functioning of Banks and Controlling Companies with reference to Companies Act

59. Returns regarding shareholders
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(1)Every bank and every controlling company shall within 90 days of its registration as such, and annually thereafter within 30 days of 31 December of each year, furnish the Authority with a return regarding its shareholders as at the date of the said registration or as on 31 December of that year, as the case may be.

 

(2)A return referred to in subsection (1) shall contain the information prescribed.

 

[Section 59 substituted by section 14 of Act No. 20 of 2007]