1964_BANKING_ORDINANCE — Page 91

HK Historical Laws 香港歷史法例 All AI Reviewed

CAP. 155]

[1987 Ed.

paragraph (ii) of the proviso thereto to notice of any available act of bankruptcy committed by the bankrupt before the time referred to therein, a reference, in the case of a bankrupt which is an unincorporated bank, to notice that, before the said time, the Commissioner or such other person as is referred to in paragraph (a) has so assumed control of the business of the bankrupt;

(v) section 51 of the Bankruptcy Ordinance shall apply as if it included, as an alternative to the reference to notice of the presentation of a bankruptcy petition, a reference, in a case where the person referred to therein is an unincorporated bank, to notice that the Commissioner or such other person as is referred to in paragraph (a) has so assumed control of the business of such person; and

(vi) sections 129, 133, 134, 135 and 136 of the Bankruptcy Ordinance shall apply as if, in a case where the person referred to therein is an unincorporated bank, the reference or references therein to the presentation of a bankruptcy petition included in each case a reference to the assumption as aforesaid by the Commissioner or such other person as is referred to in paragraph (a) of control of the business of such person.

Investigations

on behalf of the Financial Secretary.

3/90143

PART XX

INVESTIGATIONS OF AUTHORIZED INSTITUTIONS

117. (1) If it appears to the Commissioner that it is in the interests of depositors of an authorized institution or a former authorized institution or in the public interest that an inquiry should be made into the affairs of that institution he may make a report to that effect to the Financial Secretary.

(2) The Financial Secretary, on receipt of a report under subsection (1), may appoint a competent person to investigate and report-

(a) to him; and

(b) in the case of an authorized institution which is or has been a registered deposit-taking company, to the Commissioner,

on the state and conduct of the business of the authorized institution concerned, or any particular aspect of that business specified by him.

(3) The Financial Secretary may, from time to time after making an appointment under subsection (2), and before the person so appointed reports to him, require that person to inquire into any further aspect of the authorized institution concerned.

(4) The person appointed under subsection (2) shall be paid such remuneration and allowances and be appointed on such terms as the Financial Secretary shall from time to time determine.

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90 CAP. 155] [1987 Ed. paragraph (ii) of the proviso thereto to notice of any available act of bankruptcy committed by the bankrupt before the time referred to therein, a reference, in the case of a bankrupt which is an unincorporated bank, to notice that, before the said time, the Commissioner or such other person as is referred to in paragraph (a) has so assumed control of the business of the bankrupt; (v) section 51 of the Bankruptcy Ordinance shall apply as if it included, as an alternative to the reference to notice of the presentation of a bankruptcy petition, a reference, in a case where the person referred to therein is an unincorporated bank, to notice that the Commissioner or such other person as is referred to in paragraph (a) has so assumed control of the business of such person; and (vi) sections 129, 133, 134, 135 and 136 of the Bankruptcy Ordinance shall apply as if, in a case where the person referred to therein is an unincorporated bank, the reference or references therein to the presentation of a bankruptcy petition included in each case a reference to the assumption as aforesaid by the Commissioner or such other person as is referred to in paragraph (a) of control of the business of such person. Investigations on behalf of the Financial Secretary. 3/90143 PART XX INVESTIGATIONS OF AUTHORIZED INSTITUTIONS 117. (1) If it appears to the Commissioner that it is in the interests of depositors of an authorized institution or a former authorized institution or in the public interest that an inquiry should be made into the affairs of that institution he may make a report to that effect to the Financial Secretary. (2) The Financial Secretary, on receipt of a report under subsection (1), may appoint a competent person to investigate and report- (a) to him; and (b) in the case of an authorized institution which is or has been a registered deposit-taking company, to the Commissioner, on the state and conduct of the business of the authorized institution concerned, or any particular aspect of that business specified by him. (3) The Financial Secretary may, from time to time after making an appointment under subsection (2), and before the person so appointed reports to him, require that person to inquire into any further aspect of the authorized institution concerned. (4) The person appointed under subsection (2) shall be paid such remuneration and allowances and be appointed on such terms as the Financial Secretary shall from time to time determine.

Baseline (Original)

90 CAP. 155] Banking [1987 Ed. paragraph (ii) of the proviso thereto to notice of any available act of bankruptcy committed by the bankrupt before the time referred to therein, a reference, in the case of a bankrupt which is an unincorporated bank, to notice that, before the said time, the Commissioner or such other person as is referred to in paragraph (a) has so assumed control of the business of the bankrupt; (v) section 51 of the Bankruptcy Ordinance shall apply as if it included, as an alternative to the reference to notice of the presentation of a bankruptcy petition, a reference, in a case where the person referred to therein is an unincorporated bank, to notice that the Commissioner or such other person as is referred to in paragraph (a) has so assumed control of the business of such person; and (vi) sections 129, 133, 134, 135 and 136 of the Bankruptcy Ordinance shall apply as if, in a case where the person referred to therein is an unincorporated bank, the reference or references therein to the presentation of a bankruptcy petition included in each case a reference to the assumption as aforesaid by the Commissioner or such other person as is referred to in paragraph (a) of control of the business of such person. Investigations on behalf of the Financial Secretary. 3/90143 PART XX INVESTIGATIONS OF AUTHORIZED INSTITUTIONS 117. (1) If it appears to the Commissioner that it is in the interests of depositors of an authorized institution or a former authorized institution or in the public interest that an inquiry should be made into the affairs of that institution he may make a report to that effect to the Financial Secretary. (2) The Financial Secretary, on receipt of a report under subsection (1), may appoint a competent person to investigate and report- (a) to him; and (b) in the case of an authorized institution which is or has been a registered deposit-taking company, to the Commis- sioner, on the state and conduct of the business of the authorized institution concerned, or any particular aspect of that business specified by him. (3) The Financial Secretary may, from time to time after making an appointment under subsection (2), and before the person so appointed reports to him, require that person to inquire into any further aspect of the authorized institution concerned. (4) The person appointed under subsection (2) shall be paid such remuneration and allowances and be appointed on such terms as the Financial Secretary shall from time to time determine.

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