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

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

31. Annual licence
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A mutual bank must obtain from the Registrar a business licence pertaining to its particular business in respect of each year ending on the thirty-first day of December.

 

[Section 31 substituted by the Schedule: Amendment of Laws: Section 4 of the Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 (Act No. 12 of 2022), Notice No. 1512, GG47696, dated 9 December 2022 - effective 1 April 2023 per section (c) of Commencement Notice No. 3188, GG48291, dated 24 March 2023]