Section

SECTION 9: Minimum paid-up share capital of banks and compliance with the minimum paid-up share capital requirement

Part of: Banks and Other Financial Institutions Act 2020

(1) The Bank shall determine the minimum paid-up share capital requirement of each category of banks licensed under this Act which shall be complied with by each bank within the time prescribed by the Bank. (2) Failure to comply with the provisions of subsection (1)…

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