The Act of 1971 is hereby amended by the substitution of the following section for section 21:
(1) Where the Bank is of the opinion that it is in the public interest to do so, or that the holder of a licence -
(a) has become or is likely to become unable to meet his obligations to his creditors, or
(b) is not maintaining or is unlikely to be in a position to maintain adequate capital resources having regard to the volume and nature of his business, or
(c) has failed to comply with any condition imposed in relation to the licence in accordance with section 10 of this Act and the circumstances are such that the Bank is of the opinion that the stability and soundness of the holder are affected by such failure, or
(d) is conducting business in such a manner as to jeopardise and prejudice the security of deposits taken by him or the rights and interests of persons who made those deposits, or
(e) is under common control with one or more than one other enterprise (whether or not any such
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