Section 42
of Development Financial Institutions Act 2002
ActIn forceProvision 54 of 248
Section 42
(1)
A prescribed institution shall not make any amendment to its constituent documents, unless it has furnished to the Bank in writing particulars of the proposed amendment and obtained the prior written approval of the Bank.
(2)
(Deleted by Act A1502).
(3)
A prescribed institution shall, within thirty days after making any amendment to its constituent documents, furnish to the Bank—
(a)
in writing particulars of the amendment duly verified by a statutory declaration made by one of its directors; and
(b)
a copy of its amended constituent documents.
(4)
(Deleted by Act A1502).
PART IVA
BUSINESS CONDUCT AND CONSUMER PROTECTION
Interpretation