False returns to Registrar,
Frohibition
of disclosure of certain information.
Failure to repórt resolution for winding-up.
Restriction
on use of expression
"credit union" or in Chinese “激鹅亚明藏”,
Penalty.
Criminal liability of officers of
credit union.
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76. Any person who makes any return or furnishes any information, statement, record, or other document required by this Ordinance to be made or furnished to the Registrar knowing the same to be in any respect false or insufficient shall be guilty of an offence.
71. Any officer of a credit union, or any person entrusted with or participating in the management thereof, who discloses to any person any information regarding a transaction of a member of that credit union therewith, save in so far as may be necessary for the proper conduct of the business of that credit union, shall be guilty of an offence.
78. Any person who-
(a) contravenes the provisions of subsection (2) of section 57;
of
(b) being a president or treasurer of a credit union, fails to deliver to the Registrar a copy of the instrument or record of the resolution in accordance with subsection (3) of section $7,
shall be guilty of an offence.
79. Any person, other than a credit union or the League. who trades or carries on any business under any name or title of which the expression "credit union", or the Chinese expression "ASIVL”, is part shall be guilty of an offence:
Provided that nothing in this section shall apply to the use by any person or his successors in interest of any name or title under which be traded or carried on business at the commencement of this Ordinance.
80. Any person guilty of an offence against this Ordinance for which no penalty is provided shall be liable on conviction to a fire of two thousand dollars and, in the case of a continuing offence, to an additional daily penalty of fifty dollars.
81. Every offence committed by a credit union shall be deemed to have been also committed by each officer of the credit union who is bound by this Ordinance or the by-laws of the credit union to fulfill the duties whereof such an offence is a breach or. if there is no such officer, then by each of the directors and mem- bers of the supervisory committee and credit committee, unless such officer, director or member is proved to have been ignorant of, or to have attempted to prevent, the commission of such offence.
PART XIII.
REGISTRAR.
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82. (1) The Governor may appoint a public officer to be the Registrar of Credit Unions and may appoint other public officers to assist the Registrar.
(2) The Registrar may delegate to any public officer appoint- ed to assist him under subsection (1) all or any of the powers and duties conferred or imposed on him by this Ordinance.
83. (1) The Registrar shall keep at his office a register, to be known as the Register of Credit Unions, in which shall be entered particulars of the registration of every credit union.
(2) The Registrar shall keep such other records relating to credit unions as may be prescribed.
84. A credit union shall keep accounts, balance sheets, forms, records and books in such form as may be approved by the Registrar.
PART XIV. REGULATIONS.
Appointment of Registrar.
Register of Credit Unions to be kopt.
Forms of records, clc,
85. The Governor in Council may make regulations for all Regulations.
or any of the following matters-
(a) the adoption by all or some credit unions or the League
of such by-laws as may be prescribed hereunder,
(5) the procedure to be followed under this Ordinance; (c) the examination of the accounts of credit unions by the
Registrar or under his direction;
(d) the qualifications required of any person carrying out an
audit under subsection (2) of section 54;
(e) the fees payable on the registration of a credit union
under this Ordinance;
(f) the scale of fees payable to the Registrar for services
rendered under this Ordinance:
(g) the form of a memorandum of association required under subsection (2) of section 4 and of a certificate of registra- tion issued under subsection (3) of section 5;
(4) the records relating to credit unions which are to be kept
by the Registrar:
(i) prescribing anything which is to be or may be prescribed
under this Ordinance:
()) any other matter necessary or expedient to carry out effectively the intent and purpose of this Ordinance.