59. Refusal to consent to amendment of rules, etc.

Whenever the Bank refuses in accordance with section 56 (7) of this Act to consent to an amendment or addition to the memorandum of association, or articles of association, or both, or to the rules or other constitutional document of an approved professional body, it shall serve notice on the approved professional body concerned stating that it refuses to consent to the amendment or addition and setting out the reasons for the refusal in the notice.