Act 6
Borrowing Companies Act, 1969
PART III - FINANCIAL




Section 24. Statement of liabilities and assets of offices to be furnished.


(1) Every licensed borrowing company shall send to the Central Bank not later than fifteen days after the last day of each month a statement in the form prescribed by the Central Bank showing the liabilities and assets of its offices and other places of business at the close of business on the last business day of the preceding month.

(2) Any licensed borrowing company which fails to comply with any of the provisions of this section is guilty of an offence and shall on conviction be liable to a fine not exceeding one thousand dollars for every day the offence continues.



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