Mandating Procedures of Provinces Act, 2008
R 385
Mutual Banks Act, 1993 (Act No. 124 of 1993)Chapter III : Authorization to Establish, and Registration and Cancellation of Registration of, Mutual Banks15. Conditions of registration |
| (1) | The registration under section 14 of an institution as a mutual bank shall be for a period of 12 months and shall be subject to such conditions, if any, as the Registrar may determine. |
| (2) | In addition to any other condition which the Registrar may impose under subsection (1), the Registrar may impose a condition requiring the institution concerned to take within a specified period such steps as may be necessary to alter its articles in accordance with the requirements of the Registrar. |
