PART XIV
SHARE CAPITAL, RESERVE AND DIVIDEND
OF AUTHORIZED INSTITUTIONS
Maintenance of adquate provision for bad and doubtful debts
75.
Maintenance of reserve
76.
77.
78.
Minimum paid-up share capital of licensed banks
Restriction on payment of dividends...
:
:
:
:
:
Page
Clause
5
PART XVII
CAPITAL TO RISK ASSETS RATIO OF AUTHORIZED INSTITUTIONS
Page
102.
Capital to risk assets ratio
42
103.
Failure to keep to capital to risk assets ratio
43
104.
Remedial action
888
58
58
58
43
105.
Commissioner may increase capital to risk assets ratio for particular
authorized institutions
59
43
PART XVIII
PART XV
LIMITATIONS ON LOANS BY AND INTERESTS
LIQUIDITY RATIO OF AUTHORIZED INSTITUTIONS
OF AUTHORIZED INSTITUTIONS
79.
Interpretation
80.
Advance against security of own shares, etc.
81.
Limitation on advances by authorized institutions
82.
Commissioner may issue certain directions
83.
Limitation on advances to directors, etc. of bank
84.
Limitation on advances to directors, etc. of deposit-taking companies...
85.
Limitation on advances to employees
51
111.
86.
Authorized institution not to engage in trade, etc.
51
112.
87.
Limitation on shareholding by bank .....
52
113.
88.
Limitation on shareholding by deposit-taking company.
52
114.
Auditor ...
89.
Limitation on holding of interest in land by bank
52
115.
90.
Limitation on holding of interest in land by deposit-taking company
53
116.
AND MATTERS AFFECTING LIQUIDITY RATIO
106.
Liquidity ratio
107.
43
Failure to keep to liquidity ratio
44
44
47
48
3 3 3 3 2 1 6 £ £ £ £ £
108.
Remedial action
109.
110.
Commissioner may vary liquidity ratio for particular authorized institutions Authorized institutions not to create certain charges and to notify Com-
missioner of certain civil proceedings
PART XIX
49
59
59
60
60
60
UNINCORPORATED BANKS
Grant of banking licence to unincorporated banks...
61
Application for banking licence under section 111
61
Banking licence fee for unincorporated bank
61
61
General application of Ordinance to unincorporated banks and members Application of sections of Ordinance to unincorporated banks
62
62
91.
Limitation on shareholding and holding of interest in land in the case of a
117.
Prohibition on use of word "bank”
62
registered deposit-taking company.......
54
118.
Prohibition on total of deposits ...
63
92.
Limitation on aggregate holdings under sections 83, 87 and 89
54
119.
Death of member of unincorporated bank
63
93.
Bank deductions for purposes of sections 81, 83, 87, 89 and 92
54
120.
Bankruptcy of unincorporated banks
63
94.
Deposit-taking company deductions for the purposes of sections 81, 84, 88,
90 and 91
95.
Proof of compliance with sections 81, 82, 83, 84, 87, 88, 89, 90, 91 and 92 ...
PART XVI
ADVERTISEMENts, RepresentaTIONS AND USE Of Title “Bank”
= =55
54
PART XX
54
INVESTIGATIONS OF AUTHORIZED INSTITUTIONS
121.
122.
Investigations on behalf of the Financial Secretary Powers of the inspector and offences in connexion with the investigation
•
$69
64
65
96.
97.
Offence to issue advertisements and documents relating to deposits Fraudulent inducement to deposit money...
98.
99.
Liability in tort for inducing persons to deposit money in certain cases False, etc. advertisements by authorized institution...
100.
Certain representations prohibited
101.
Restrictions on use of title "bank"
55 55 56
PART XXI
MISCELLANEOUS
123.
56
Governor in Council to decide whether or not banking business or business of
taking deposits is being conducted...
57
124.
Official secrecy
125.
57
126.
Disclosure of information relating to authorized institutions... Winding-up of authorized institutions
57
127.
Offences by directors, managers, trustees, employees and agents
88888
66
66
68
68
69
No comments yet.
Private notes are available after approval.