Mutual Banks Act, 1993 (Act No. 124 of 1993)

Chapter III : Authorization to Establish, and Registration and Cancellation of Registration of, Mutual Banks

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

(a)an application for authorisation to establish a mutual bank; or
(b)an application for registration as a mutual bank;

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