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بھر
Clause 4 inserts a new section 161BA requiring
authorised financial institutions and their holding
companies to maintain a register of transactions referred
to in section 161B and requiring a statement of the
particulars of such transactions to be made available for
certain public inspection for a period of 14 days preceding_the
annual general meeting and seven days thereafter It is
our intention that the general public should be able to
take full advantage of this right of inspection of the
register. However, authorised financial institutions
which are either private companies or unlisted public
companies are not required to give public notice of the
dates of their annual general meetings.
I therefore
propose that all authorised financial institutions should
be required to give at least four weeks' notice of the
dates of their annual general meetings in an approved
Chinese language newspaper and an approved English
language newspaper.
بو
A further minor amendment is needed to clause 4
to require a 'nil' statement to be prepared by an
institution where no relevant loan exists so that the
auditor, where appropriate, may be able to include in his
from report particulars of loans omitted for the 'nil'
statement.
بھر
Sir, I beg to move.