17. Information to be furnished by financial institutions.
The Principal Act is amended by inserting the following sections after section 250:
"Information to be furnished by financial institutions. |
250A.- (1) In this section- |
' authorised officer ' means an officer appointed by the Minister under section 250B to exercise the powers conferred on him or her by and under this section; |
' books, records or other documents ' includes- |
(a) any records used in the business of a financial institution, or used in the transfer department of a financial institution acting as registrar of securities, whether- |
(i) comprised in bound volume, loose-leaf binders or other loose-leaf filing system, loose-leaf ledger sheets, pages, folios or cards, or |
(ii) kept on microfilm, magnetic tape or in any non-legible form (by the use of electronics or otherwise) which is capable of being reproduced in a legible form, |