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17. Information to be furnished by financial institutions.
The Principal Act is amended by inserting the following sections after section 250:
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"Information to be furnished by financial institutions. |
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250A.- (1) In this section- |
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' 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; |
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' books, records or other documents ' includes- |
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(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- |
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(i) comprised in bound volume, loose-leaf binders or other loose-leaf filing system, loose-leaf ledger sheets, pages, folios or cards, or |
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(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, |