Section 29

If the Central Bank has reason to suspect that any person is carrying on borrowing business in the Federation, the Central Bank may inspect under conditions of secrecy the books, accounts and transactions of the person for the purposes of ascertaining whether the person has contravened the provisions of section 3 of this Act.

Licensed borrowing company to inform

Central

Bank of financial instability,

Approved company auditor to be approved again by

Minister.

79/65.

> ot Adda

Sanction for reconstruc-tion, etc., of company required.

ADG3

Inspection of persons suspected of accepting deposits without a licence.

[S. 30-33]

Central

Bank may investigate licensed borrowing companies.

Special investiga~

tions of licensed borrowing companies,

Production of books, accounts and documents.

PACT

Action by

Central

Bank if licensed borrowing company unable to meet obliga-tions or |

conducting business to the detriment of depositors, etc.

16 AcT 6