Banking and Financial Institutions Act 1989 · s 93

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93. (1) Where the Minister decides that it is necessary to investigate and control the business and affairs of a non-scheduled institution under section 92 (1) (b), there may be applied to that non-scheduled institution the provisions of Parts X and XI as if it were a licensed institution in such manner, to such extent, and with all such modifications, variations, adaptations, alterations, amendments, additions, deletions or substitutions as the Minister may provide by order made by him on the recommendation of the Bank and published in the Gazette:

Provided that such order shall not apply to the nonscheduled institution the provisions of section 73 (2) (b) or (c) except with the written consent of the Minister, or the State Authority, submitting the report and recommendation under section 91.
(2) An order of the Minister under subsection (1) shall be deemed to be an integral part of this Act and be read as one with this Act, and shall have full force and effect notwithstanding anything inconsistent therewith, or contrary thereto, contained in this Act.

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s 93

(1)

Where the Minister decides that it is necessary to investigate and control the business and affairs of a non-scheduled institution under section 92 (1) (b), there may be applied to that non-scheduled institution the provisions of Parts X and XI as if it were a licensed institution in such manner, to such extent, and with all such modifications, variations, adaptations, alterations, amendments, additions, deletions or substitutions as the Minister may provide by order made by him on the recommendation of the Bank and published in the Gazette:

(2)

An order of the Minister under subsection (1) shall be deemed to be an integral part of this Act and be read as one with this Act, and shall have full force and effect notwithstanding anything inconsistent therewith, or contrary thereto, contained in this Act.