Banking and Financial Institutions Act 1989 · s 122

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122. (1) Where a licensed institution or a scheduled institution or non-scheduled institution in respect of which the Minister has made an order under section 24 (1), or 93 (1), respectively is a corporation to which all or any of the provisions of the Companies Act 1965 apply, such provisions shall be in addition to the provisions of this Act and not in derogation thereof, but where there is any conflict or inconsistency between the provisions of the Companies Act 1965 and this Act in their respective application to the institution, the provisions of this Act shall prevail.
(2) Where any difficulty or doubt arises in the application of subsection (1) in relation to any particular institution, or any particular matter or circumstance, or generally, the Minister may on the reference of the difficulty or doubt to him by the Bank, resolve the same by a direction in writing.
(3) References to "this Act" in this section shall not include any regulations, order or other subsidiary legislation made under this Act.

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s 122

(1)

Where a licensed institution or a scheduled institution or non-scheduled institution in respect of which the Minister has made an order under section 24 (1), or 93 (1), respectively is a corporation to which all or any of the provisions of the Companies Act 1965 apply, such provisions shall be in addition to the provisions of this Act and not in derogation thereof, but where there is any conflict or inconsistency between the provisions of the Companies Act 1965 and this Act in their respective application to the institution, the provisions of this Act shall prevail.

(2)

Where any difficulty or doubt arises in the application of subsection (1) in relation to any particular institution, or any particular matter or circumstance, or generally, the Minister may on the reference of the difficulty or doubt to him by the Bank, resolve the same by a direction in writing.

(3)

References to "this Act" in this section shall not include any regulations, order or other subsidiary legislation made under this Act.