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

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

69A. [Repealed] Investigation of affairs of bank under curatorship
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[Section 69A repealed by section 9(1) of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 1 June 2023 per (b)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]

 

Section 9(2)Despite the amendments to the Banks Act, 1990, contained in subsection (1), an investigation by a commissioner in terms of section 69A of the Banks Act, 1990, that is pending and not concluded immediately before the date on which subsection (1) comes into effect must be continued, concluded and reported on by the commissioner in terms of that section as if it had not been repealed.