In forceAs enactedCurrent version · As enactedSee versions on Attorney General's Chambers(opens the publisher’s site)
International Banking Order, 2000 · As enacted · Part IV
International Banking Order, 2000 · As enacted · Part IV
Official textFrom Attorney General's Chambers, unchanged
Where an offence under this Order committed by a licensee or other body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of -
licensee
"licensee" means a bank which is for the time being the holder of a licence;
{a} any director, manager, secretary or other similar officer of that body, or any person who was purporting to act in that capacity; or
director
"director" includes any person occupying the position of director of a comp{lny, by whatever name called, and includes an alternate or substitute director;
{b) any other person who holds a controlling interest in that body, he, as well as the body corporate, shall be guilty of that offence and liable to be proceeded against and punished accordingly.
Power of Authority.to compound.
director
"director" includes any person occupying the position of director of a comp{lny, by whatever name called, and includes an alternate or substitute director;
licensee
"licensee" means a bank which is for the time being the holder of a licence;