Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
South African Reserve Bank Act, 1989 (Act No. 90 of 1989)12. Inspection of affairs of person, partnership, close corporation, company or other juristic person not registered as bank or mutual bank |
| 1) | If the Governor or a Deputy Governor has reason to suspect that any person, partnership, close corporation, company or other juristic person who or which is not registered in terms of the Banks Act, 1990 (Act 94 of 1990), as a bank or in terms of the Mutual Banks Act, 1993 (Act 124 of 1993), as a mutual bank, is carrying on the business of a bank or a mutual bank, he or she may direct the Registrar of Banks referred to in section 4 of the Banks Act, 1990, to cause the affairs or any part of the affairs of such person, partnership, close corporation, company or other juristic person to be inspected by an inspector appointed under section 11 (1), in order to establish whether or not the business of a bank or mutual bank, as the case may be, is being carried on by that person, partnership, close corporation, company or other juristic person. |
| 2) | The provisions of sections 4, 5, 8 and 9 of the Inspection of Financial Institutions Act, 1984 (Act 38 of 1984), shall apply mutatis mutandis in respect of an inspection carried out in terms of subsection (1). |
