CAP. 155]
Banking
[1987 Ed.
Section
73. Certain persons prohibited from acting as employees of authorized institutions except with consent of Commissioner
74. Appointment of chief executive
PART XIV
SHARE CAPITAL, RESERVE AND DIVIDEND OF AUTHORIZED INSTITUTIONS
Page 57
75. Maintenance of reserve
57
76. Maintenance of adequate provision for bad and doubtful debts and for diminution of value of assets
59
77. Minimum paid-up share capital of licensed banks
59
78. Restriction on distribution of extraordinary profits
59
PART XV
LIMITATIONS ON LOANS BY AND INTERESTS OF AUTHORIZED INSTITUTIONS
79. Interpretation and application
60
80. Advance against security of own shares, etc.
61
81. Limitation on advances by authorized institutions
62
82. Commissioner may publish guidelines on business practices of authorized institutions
67
83. Limitation on advances to directors, etc. of bank
68
84. Limitation on advances to directors, etc. of deposit-taking companies
69
85. Limitation on advances to employees
72
86. Powers of Commissioner where moneys placed with foreign bank
72
87. Limitation on shareholding by authorized institutions
73
88. Limitation on holding of interest in land by authorized institutions
74
89. Limitation on shareholding and holding of interest in land in the case of a registered deposit-taking company
75
90. Limitation on aggregate holdings under sections 83, 87 and 88
75
91. Proof of compliance with sections 81, 83, 84, 87, 88, 89 and 90
76
PART XVI
ADVERTISEMENTS, REPRESENTATIONS AND USE OF TITLE "BANK”
92. Offence to issue advertisements and documents relating to deposits
93. Fraudulent inducement to make a deposit
94. Liability in tort for inducing persons to make a deposit in certain cases
95. False, etc. advertisements by authorized institution
96. Certain representations prohibited
97. Restrictions on use of title “bank”
77
78
78
80
80
80
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