TNAG-2755-FCO40-3972-Banking-situation-in-Hong-Kong-1993 — Page 51

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CAP. 379]

Overseas Trust Bank › Compensation of Registered Holders of Shares: Regulations

[1986 Ed.

[Subsidiary]

Schedule.

Schedule.

Costs of the Tribunal.

(e) to determine the manner in which the material mentioned

in sub-paragraph (d) shall be received:

(f) to administer oaths and affirmations:

(g) subject to regulation 10, to require, by notice in writing signed by the Chairman. any person to attend before it at any hearing and to give evidence and produce documents: (h) to give directions as to the filing and service of pleadings

and written submissions:

(i) to examine on oath, affirmation or otherwise any person attending before it at any hearing and require such person to answer all questions put by or with the consent of the Tribunal:

(j) to appoint on behalf of the registered holders of shares or any group thereof an independent accountant to inves- tigate the financial affairs of the company prior to com- mencement in accordance with the factors and principles set out in the Schedule and, subject to regulation 10. to report to and advise such registered holders of shares: (k) to appoint an accountant to investigate the financial affairs of the company prior to commencement in accordance with the factors and principles set out in the Schedule and. subject to regulation 10. to report to and advise the Tribunal;

(/) to determine the procedure to be followed at any hearing

including the power to adjourn the hearing:

(m) to receive representations from the company in relation to

such matters as the Tribunal may determine:

(n) to incur expenditure:

(o) to exercise such powers as may be necessary for the

purpose of exercising its functions:

(p) to do all things ancillary to the powers conferred by this

paragraph.

(2) A person at any hearing conducted by the Tribunal may refuse to answer any question or produce any document or thing if to do so would tend to expose that person or his spouse to proceedings for an offence or for the recovery of a penalty.

13. (1) Any member of the Tribunal appointed under regula- tion 5(1)(b) shall be entitled to be paid $2.500 for each day or part thereof on which he attends a hearing of the Tribunal.

(2) The Tribunal may make such order as to the reimburse- ment of fees and expenses of-

(a) any accountant appointed by the Tribunal under regula-

tion 12(1)(/) or (k); and

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