100
Recovery of fees, expenses, etc.
43/90512
(Cap. 32.)
(Cap. 6.)
Use of English language.
CAP. 155]
Banking
[1987 Ed.
131. (1) There shall be recoverable at the suit of the Attorney General as a civil debt due to the Crown from the authorized institution concerned, or in the case of an unincorporated bank, from the directors jointly and severally thereof
(a) the amount of any fees payable under section 19, 23, 26, 45, 48, 51 or 109;
(b) any remuneration and expenses payable by the authorized institution to any person appointed under section 52(1)(B) or by order of the Governor in Council under section 53(1)(ii) to advise the institution in the proper conduct of its business:
(c) any remuneration and expenses payable by the authorized institution to the Commissioner or to any person employed or authorized by the Commissioner under section 8 to assist him in the control and carrying on of the business of the institution or to any other person who has assumed control of the business of the institution pursuant to a direction under section 52(1)(C) or an order of the Governor in Council under section 53(1)(ii);
(d) any expenses ordered by the Financial Secretary to be defrayed by the authorized institution under section 55(3); and
(e) any remuneration payable by the authorized institution to an auditor appointed under section 59(2).
(2) There shall be recoverable, at the suit of the Attorney General, as a civil debt due from the applicants, jointly and severally, to the Crown, any expenses ordered by the Financial Secretary to be defrayed by the applicants under section 55(3).
(3) Any sum recoverable under this section at the suit of the Attorney General shall be a debt due to the Crown within the meaning of section 265(1)(a) of the Companies Ordinance and section 38(1)(a) of the Bankruptcy Ordinance.
132. (1) All entries in books and accounts kept by authorized institutions shall be recorded in the English language and the Arabic system of numerals shall be employed.
(2) All forms and information required to be sent and all returns required to be made to the Commissioner pursuant to any of the provisions of this Ordinance shall be compiled in the English language and the Arabic system of numerals and, if any such form, information or return is a translation, be certified to the satisfaction of the Commissioner as a true and correct translation.
(3) Every director and every manager of an authorized institution which contravenes subsection (1) or (2) commits an offence and is liable on conviction upon indictment or on summary conviction to a fine of $50,000 and, in the case of a continuing offence, to a further fine of $5,000 for every day during which the offence continues.
100
Recovery of fees, expenses, etc.
43/90512
(Cap. 32.)
(Cap. 6.)
Use of English language.
CAP. 155]
Banking
[1987 Ed.
131. (1) There shall be recoverable at the suit of the Attorney General as a civil debt due to the Crown from the authorized institution concerned, or in the case of an unincorporated bank, from the directors jointly and severally thereof
(a) the amount of any fees payable under section 19, 23, 26,
45, 48, 51 or 109;
(b) any remuneration and expenses payable by the authorized institution to any person appointed under section 52(1)(B) or by order of the Governor in Council under section 53(1)(ii) to advise the institution in the proper conduct of its business:
(c) any remuneration and expenses payable by the authorized institution to the Commissioner or to any person em- ployed or authorized by the Commissioner under section 8 to assist him in the control and carrying on of the business of the institution or to any other person who has assumed control of the business of the institution pursuant to a direction under section 52(1)(C) or an order of the Gover- nor in Council under section 53(1)(ii);
(d) any expenses ordered by the Financial Secretary to be defrayed by the authorized institution under section 55(3); and
(e) any remuneration payable by the authorized institution to
an auditor appointed under section 59(2).
(2) There shall be recoverable, at the suit of the Attorney General, as a civil debt due from the applicants, jointly and severally, to the Crown, any expenses ordered by the Financial Secretary to be defrayed by the applicants under section 55(3).
(3) Any sum recoverable under this section at the suit of the Attorney General shall be a debt due to the Crown within the meaning of section 265(1)(a) of the Companies Ordinance and section 38(1)(a) of the Bankruptcy Ordinance.
132. (1) All entries in books and accounts kept by authorized institutions shall be recorded in the English language and the Arabic system of numerals shall be employed.
(2) All forms and information required to be sent and all returns required to be made to the Commissioner pursuant to any of the provisions of this Ordinance shall be compiled in the English language and the Arabic system of numerals and, if any such form, information or return is a translation, be certified to the satisfaction of the Commissioner as a true and correct translation.
(3) Every director and every manager of an authorized institu- tion which contravenes subsection (1) or (2) commits an offence and is liable on conviction upon indictment or on summary conviction to a fine of $50,000 and, in the case of a continuing offence, to a further fine of $5,000 for every day during which the offence continues.
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