Central Bank Act, 1942

Publication of balance sheets by licensed bankers.

49.—(1) The Minister may, after consultation with the Board, make regulations for either or both of the following purposes, that is to say:—

(a) requiring licensed bankers to prepare and publish balance sheets at the times and intervals specified in such regulations;

(b) prescribing the form in which the balance sheets of licensed bankers are to be prepared.

(2) Regulations made under this section may prescribe different requirements in respect of different licensed bankers.

(3) Every licensed banker shall comply in all respects with every regulation made under this section and applicable to him, and if any licensed banker fails so to comply with any such regulation he shall be guilty of an offence under this section and shall be liable on summary conviction thereof to a fine not exceeding one hundred pounds.