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n5minlaw.gov.
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48. (1) If any banking company- (a) fails to submit any statement required under Article 44 or submits under the Article a statement which is false in any material particular; or (b) fails to comply with any condition imposed under this Chapter, every director or other officer of the company and every other person who is knowingly a party to the breach shall be punishable with fine which may exten
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