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Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Chapter VIII : Administration of Act

50. Information and reports

 

(a) The Authority may on written notice require a co-operative bank, a co-operative financial institution, a representative body or a support organisation to submit to the Authority—
(i) the information specified in the notice; or
(ii) a report by an auditor or by any other person with appropriate professional skill, designated by the Authority, on any matter specified in the notice.
(b) A report required under paragraph (a) must be prepared at the expense of the co-operative bank, representative body or support organisation.

 

[Section 50 substituted by section 290, item 15 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]