Chapter VII : Conversion of Mutual Banks |
62. Conversion of mutual banks into banks
63. Application for Registrar's approval
64. Consideration of application
65. Special general meeting to authorize conversion
66. Registration of controlling company in respect of bank established by conversion
67. Registration of memorandum and articles of association by Registrar of Companies
68. Notice in Gazette of conversion
70. Issue of shares to persons who were members of former mutual bank