Co-operative Banks Act, 2007 (Act No. 40 of 2007)Chapter VIII : Administration of Act50. Information and reports |
| (a) | The Authority may on written notice require a co-operative bank, a co-operative financial institution, a representative body or a support organisation to submit to the Authority— |
| (i) | the information specified in the notice; or |
| (ii) | a report by an auditor or by any other person with appropriate professional skill, designated by the Authority, on any matter specified in the notice. |
| (b) | A report required under paragraph (a) must be prepared at the expense of the co-operative bank, representative body or support organisation. |
[Section 50 substituted by section 290, item 15 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]