Banking Act · s 60

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s 60Powers of Authority

Where the Authority has taken action under section 59(2), it may, without prejudice to the power conferred by section 21(1)(g) exercise one or more of the following powers —

(a)

confirm, vary or reverse any requirement, appointment or direction made by it;

(b)

make such order as it may think fit in relation to the affairs of the bank concerned and exercise any power which it may exercise under section 59;

(c)

present a petition to the High Court for the winding up of the bank by the High Court.