(1) In this section the word "year" means a period of twelve months beginning on the 1st day of January.
(2) On and after the 1st day of January next after the passing of this Act, section 108 (which relates to the publication of a certain financial statement by certain companies) of the Companies (Consolidation) Act, 1908, shall not apply or have effect in relation to a licensed banker.
(3) Every licensed banker, unless exempted by the Minister under this section, -
(a) shall post up and at all times keep posted up in a conspicuous place in every office, branch, or other place in which he carries on banking business and also, in the case of a limited company incorporated in the State, in the registered office of the company, a statement (in the form required by this section) in relation to the banking business carried on by him, and
(b) shall furnish on demand to every of his creditors and, in the case of a limited company, to every member of the company a copy of the latest such