INSERT INTO `actsofghana` (`id`, `title`, `content`, `republic`, `isshow`, `actname`) VALUES
(141, 'Borrowers and Lenders Act, 2008 Act 773 ', '<table>\r\n\r\n\r\n                <tr>\r\n                                            <td vAlign="top" align="left" width="1367" height="64">\r\n                                              <div class="Section1">\r\n												<p class="Style" style="margin-left: 71.45pt; margin-right: .25pt">\r\n												<b>\r\n												<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Borrowers and Lenders Act, 2008&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n												Act 773 </span></b></p>\r\n												<p class="Style" style="margin-left: 83.95pt; margin-right: .25pt">\r\n												<span style="font-family: Arial">\r\n												ARRANGEMENT OF SECTIONS </span>\r\n												</p>\r\n												<p class="Style" style="margin-right: .25pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												Section </span></i></p>\r\n												<p class="Style" style="text-indent: -16.55pt; margin-left: 22.0pt; margin-right: .3pt">\r\n												1.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Application </span></p>\r\n												<p class="Style" style="text-indent: -17.25pt; margin-left: 23.45pt; margin-right: .3pt">\r\n												2.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Meaning of credit agreement\r\n												</span></p>\r\n												<p class="Style" style="text-indent: -17.25pt; margin-left: 23.45pt; margin-right: .3pt">\r\n												3.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Meaning. of credit facility\r\n												</span></p>\r\n												<p class="Style" style="text-indent: 0in; margin-left: 4.75pt; margin-right: 186.3pt">\r\n												4.<span style="font-family: Arial">Meaning \r\n												of credit transaction 5. Meaning \r\n												of credit guarantee </span></p>\r\n												<p class="Style" style="margin-left: 61.15pt; margin-right: .3pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												Supervisory and enforcement role \r\n												of Bank of Ghana </span></i></p>\r\n												<p class="Style" style="text-indent: -17.75pt; margin-left: 23.45pt; margin-right: .3pt">\r\n												6.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Functions of the Bank of Ghana\r\n												</span></p>\r\n												<p class="Style" style="text-indent: -17.25pt; margin-left: 23.45pt; margin-right: .3pt">\r\n												7.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Rules by notices </span></p>\r\n												<p class="Style" style="text-indent: -17.25pt; margin-left: 23.45pt; margin-right: .3pt">\r\n												8.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Investigation </span></p>\r\n												<p class="Style" style="text-indent: -17.25pt; margin-left: 23.45pt; margin-right: .3pt">\r\n												9.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Examination </span></p>\r\n												<p class="Style" style="text-indent: -22.3pt; margin-left: 25.15pt; margin-right: .3pt">\r\n												10.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Order for search of premises\r\n												</span></p>\r\n												<p class="Style" style="text-indent: -22.3pt; margin-left: 25.15pt; margin-right: .3pt">\r\n												11.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Power of Court to make certain \r\n												orders </span></p>\r\n												<p class="Style" style="text-indent: -22.55pt; margin-left: 24.9pt; margin-right: .3pt">\r\n												12.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Administrative fines </span></p>\r\n												<p class="Style" style="margin-left: 148.3pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												Borrower rights </span></i></p>\r\n												<p class="Style" style="text-indent: -22.55pt; margin-left: 25.9pt">\r\n												13.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Right to apply for credit </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -22.3pt; margin-left: 26.15pt">\r\n												14.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Protection against \r\n												discrimination in respect of \r\n												credit </span></p>\r\n												<p class="Style" style="text-indent: -22.55pt; margin-left: 25.9pt">\r\n												15.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Delivery of documents </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -22.3pt; margin-left: 26.15pt">\r\n												16.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Protection of borrower credit \r\n												rights </span></p>\r\n												<p class="Style" style="margin-left: 4.55pt">\r\n												<span style="font-family: Arial">\r\n												17. Confidentiality, personal \r\n												information and borrower credit \r\n												records </span></p>\r\n												<p class="Style" style="margin-left: 126.45pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												Disclosure of information </span>\r\n												</i></p>\r\n												<p class="Style" style="text-indent: 0in; margin-left: 5.0pt; margin-right: -10.4pt">\r\n												18.<span style="font-family: Arial">Pre-agreement \r\n												disclosure</span></p>\r\n												<p class="Style" style="margin-left: 5.0pt; margin-right: 208.55pt">\r\n												<span style="font-family: Arial">\r\n												19. Marketing information </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 4.3pt; margin-right: 102.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n												Repayment and recovery of debt\r\n												</span></i></p>\r\n												<p class="Style" style="margin-left: 4.3pt; margin-right: 102.2pt">\r\n												<span style="font-family: Arial">\r\n												20. Borrower''s or guarantor''s \r\n												obligations </span></p>\r\n												<p class="Style" style="margin-left: 83.75pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												Collateral registry and \r\n												registration of charges </span>\r\n												</i></p>\r\n												<p class="Style" style="text-indent: -24.2pt; margin-left: 29.0pt">\r\n												21.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Collateral Registry </span></p>\r\n												<p class="Style" style="text-indent: -24.0pt; margin-left: 29.25pt">\r\n												22.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Object of the Registry </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -24.0pt; margin-left: 29.25pt">\r\n												23.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												Functions of the Registry </span>\r\n												</div>\r\n												<div class="Section4">\r\n													<p class="Style" style="text-indent: -23.25pt; margin-left: 24.25pt; margin-right: .25pt">\r\n													24.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Appointment of collatral \r\n													Registrar </span></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: 24.95pt; margin-right: .25pt">\r\n													25.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Registration of charges\r\n													</span></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: 24.95pt; margin-right: .25pt">\r\n													26.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Procedure on registration\r\n													</span></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: 24.95pt; margin-right: .25pt">\r\n													27.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Registration of satisfaction \r\n													of debt </span></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: 24.95pt; margin-right: .25pt">\r\n													28.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Expiry of time for \r\n													registration </span></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: 24.95pt; margin-right: .25pt">\r\n													29.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Appointment of receiver or \r\n													manager </span></p>\r\n													<p class="Style" style="text-indent: 0in; margin-left: .95pt; margin-right: .25pt">\r\n													30<i>.</i><span style="font-family: Arial">Registration \r\n													of appointment or removal of \r\n													receiver </span></p>\r\n													<p class="Style" style="text-indent: 0in; margin-left: .95pt; margin-right: .25pt">\r\n													<span style="font-family: Arial">\r\n													31. Notices to be published \r\n													in <i>Gazette </i></span>\r\n													</p>\r\n													<p class="Style" style="margin-left: 96.0pt; margin-right: .25pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													Enforcement of borrower''s \r\n													obligations </span></i></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: 24.95pt; margin-right: .25pt">\r\n													32.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Default in payment </span>\r\n													</p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: 24.95pt; margin-right: .25pt">\r\n													<b>33.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span></b>\r\n													<span style="font-family: Arial">\r\n													Remedies of lender on \r\n													default </span></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: 24.95pt; margin-right: .25pt">\r\n													34.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Lender''s right to possession\r\n													</span></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: 24.95pt; margin-right: .25pt">\r\n													35.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Mortgages </span></p>\r\n													<p class="Style" style="margin-left: 2.1in; margin-right: .25pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													Miscellaneous </span></i>\r\n													</p>\r\n													<p class="Style" style="text-indent: -23.25pt; margin-left: 24.5pt; margin-right: .25pt">\r\n													36.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Annual report </span></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: .35in; margin-right: .25pt">\r\n													37.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Regulations </span></p>\r\n													<p class="Style" style="text-indent: -23.5pt; margin-left: .35in; margin-right: .25pt">\r\n													38.<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">\r\n													Interpretation </span></p>\r\n													<p class="Style" style="margin-left: 157.9pt; margin-right: .25pt">\r\n													<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n													SCHEDULE </span></p>\r\n													<p class="Style" style="margin-left: 180.7pt; margin-right: .25pt"></div>\r\n												<span style="font-size: 12.0pt; font-family: Arial">\r\n												<br clear="all" style="page-break-before: always">\r\n&nbsp;</span><div class="Section5">\r\n												<p class="Style" style="margin-left: 315.35pt; margin-right: .05pt">&nbsp;</p>\r\n												<p class="Style" style="margin-left: 79.9pt; margin-right: 7.25pt">\r\n												<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												<b>THE SEVEN HUNDRED \r\n												SEVENTY-THIRD </b></span></p>\r\n												<p class="Style" style="margin-left: 152.85pt; margin-right: 7.25pt">\r\n												<b>\r\n												<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n												ACT </span></b></p>\r\n												<p class="Style" style="margin-left: 152.4pt; margin-right: 4.35pt">\r\n												<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span>\r\n												<span style="font-family: Arial">\r\n												ENTITLED </span></p>\r\n												<p class="Style" style="margin-left: .85in; margin-right: 4.35pt">\r\n												<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												<b>BORROWERS AND LENDERS ACT, \r\n												2008 </b></span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -24.0pt; margin-left: 26.15pt; margin-right: 4.35pt">\r\n												<span style="font-family: Arial">\r\n												An Act to provide the legal \r\n												framework for credit, to improve \r\n												standards of disclosure of \r\n												information by borrowers and \r\n												lenders, to prohibit certain \r\n												credit practices, to promote a \r\n												consistent enforcement framework \r\n												related to credit, and to \r\n												provide for related matters.\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 83.5pt; margin-right: 4.35pt">\r\n												<span style="font-family: Arial">\r\n												<b>DATE OF ASSENT</b>: <i>\r\n												23rdDecember, 2008. </i></span>\r\n												</p>\r\n												<p class="Style" style="margin-left: .95pt; margin-right: 4.35pt">\r\n												<span style="font-family: Arial">\r\n												ENACTED by the President and \r\n												Parliament: </span></p>\r\n												<p class="Style" style="margin-left: 136.3pt; margin-right: 7.25pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												Preliminary matters </span></i>\r\n												</p>\r\n												<p class="Style" style="margin-right: 7.25pt">\r\n												<span style="font-family: Arial">\r\n												Application </span></p>\r\n												<p class="Style" style="margin-left: 12.7pt; margin-right: 7.25pt">\r\n												<span style="font-family: Arial">\r\n												1. (1) This Act applies to\r\n												</span></p>\r\n												<p class="Style" style="text-indent: -17.25pt; margin-left: 64.55pt; margin-right: 7.25pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												a credit agreement between \r\n												parties who deal at arm''s length \r\n												except </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -20.85pt; margin-left: 102.95pt; margin-right: 7.7pt">\r\n												<span style="font-family: Arial">\r\n												(i) a credit agreement covering \r\n												an amount of less than One \r\n												hundred Ghana Cedis (GH¢ 100) or \r\n												an amount determined by the Bank \r\n												of Ghana; </span></p>\r\n												<p class="Style" style="text-indent: -20.6pt; margin-left: 102.0pt; margin-right: 8.65pt">\r\n												<span style="font-family: Arial">\r\n												(ii) any other credit agreement \r\n												exempted by the Bank of Ghana by \r\n												notice under this Act. </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 38.4pt; margin-right: 7.25pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												a credit guarantee where the \r\n												guarantee is only in respect of \r\n												a credit facility or credit \r\n												transaction covered by this Act; \r\n												&nbsp;</span></div>\r\n												<div class="Section8">\r\n													<p class="Style" style="text-align: justify; text-indent: 26.4pt; margin-left: .5pt; margin-right: 4.55pt">\r\n													<span style="font-family: Arial">\r\n													(2) This Act applies to a \r\n													credit agreement or proposed \r\n													credit agreement whether the \r\n													lender resides or has its \r\n													principal office within or \r\n													outside the country, or is\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 50.9pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(a) </span></i>\r\n													<span style="font-family: Arial">\r\n													an institution of state,\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 47.75pt; margin-right: 58.3pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(b) </span></i>\r\n													<span style="font-family: Arial">\r\n													an entity controlled by an \r\n													institution of state, or <i>\r\n													(c) </i>an entity created by \r\n													an enactment. </span></p>\r\n													<p class="Style" style="margin-left: 27.35pt">\r\n													<span style="font-family: Arial">\r\n													(3) Where this Act applies \r\n													to a credit agreement </span>\r\n													</p>\r\n													<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.95pt; margin-right: 2.85pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(a) </span></i>\r\n													<span style="font-family: Arial">\r\n													it continues to apply to \r\n													that agreement even if a \r\n													party to that agreement \r\n													ceases to reside or have its \r\n													principal office within the \r\n													country; and </span></p>\r\n													<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.95pt; margin-right: 2.85pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(b) </span></i>\r\n													<span style="font-family: Arial">\r\n													it applies in relation to \r\n													every transaction, act or \r\n													omission under that \r\n													agreement, whether or not \r\n													that transaction, act or \r\n													omission occurs within or \r\n													outside the country. </span>\r\n													</p>\r\n													<p class="Style" style="text-indent: 26.6pt; margin-left: 1.45pt; margin-right: 3.35pt">\r\n													<span style="font-family: Arial">\r\n													(4) For purposes of this Act \r\n													parties are not dealing at \r\n													arm''s length in the case of\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 50.9pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(a) </span></i>\r\n													<span style="font-family: Arial">\r\n													a shareholder loan or other \r\n													credit agreement between a \r\n													corporate body as borrower \r\n													and a person who has a \r\n													significant shareholding in \r\n													that corporate body, as \r\n													lender; <i>(b) </i>a loan to \r\n													a shareholder, or other \r\n													credit agreement between a \r\n													corporate body, as lender, \r\n													and a person who has a \r\n													controlling interest in that \r\n													corporate body, as borrower;\r\n													</span></p>\r\n													<p class="Style" style="text-indent: -17.5pt; margin-left: 67.45pt; margin-right: 2.4pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(c) </span></i>\r\n													<span style="font-family: Arial">\r\n													a credit agreement between \r\n													persons who are in a \r\n													familial relationship; or\r\n													</span></p>\r\n													<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.95pt; margin-right: 2.85pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(d) </span></i>\r\n													<span style="font-family: Arial">\r\n													any other arrangement that \r\n													is of a type that has been \r\n													held in law to be between \r\n													parties who are not dealing \r\n													at arm''s length. </span></p>\r\n													<p class="Style" style="margin-left: 3.1pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													Meaning of credit agreement\r\n													</span></b></p>\r\n													<p class="Style" style="margin-left: 15.1pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													2. </span></b>\r\n													<span style="font-family: Arial">\r\n													For the purpose of this Act \r\n													a credit agreement is an \r\n													agreement </span></p>\r\n													<p class="Style" style="margin-left: 3.35pt; margin-right: .7pt">\r\n													<span style="font-family: Arial">\r\n													in the nature of a credit \r\n													facility, a credit \r\n													transaction, a credit \r\n													guarantee or any combination \r\n													of these which the lender\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 50.9pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(a) </span></i>\r\n													<span style="font-family: Arial">\r\n													resides or has its principal \r\n													office within or outside the\r\n													country; \r\n													</span></p>\r\n													<p class="Style" style="margin-left: 50.9pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(b) </span></i>\r\n													<span style="font-family: Arial">\r\n													an institution of state;\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 51.1pt; margin-right: 53.25pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(c) </span></i>\r\n													<span style="font-family: Arial">\r\n													an entity controlled by an \r\n													institution of state; or </span></p>\r\n													<p class="Style" style="margin-left: 51.1pt; margin-right: 53.25pt">\r\n													<span style="font-family: Arial">\r\n													<i>\r\n													(d) </i>is an entity created \r\n													by an enactment. </span></p>\r\n													<p class="Style" style="margin-left: 3.1pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													Meaning of credit facility\r\n													</span></b></p>\r\n													<p class="Style" style="margin-left: 15.1pt">\r\n													<span style="font-family: Arial">\r\n													3. An agreement is a credit \r\n													facility if in that \r\n													agreement the lender </span>\r\n													</p>\r\n													<p class="Style" style="margin-left: 3.35pt; margin-right: .7pt">\r\n													<span style="font-family: Arial">\r\n													undertakes </span></p>\r\n													<p class="Style" style="margin-left: 50.9pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(a) </span></i>\r\n													<span style="font-family: Arial">\r\n													to lend stipulated amounts \r\n													within a specified period or \r\n													at specified intervals \r\n													agreed on with the borrower</span></p>\r\n													<p class="Style" style="margin-left: 50.9pt">\r\n													<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													</span>\r\n													<span style="font-family: Arial">&nbsp;(i) \r\n													to the borrower, </span>\r\n												</div>\r\n												<div class="Section10">\r\n													<p class="Style">\r\n													<span style="font-family: Arial">\r\n													&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n													(ii) on behalf of the \r\n													borrower, or </span></p>\r\n													<p class="Style" style="text-indent: 35.5pt; margin-left: 48.7pt; margin-right: 72.75pt">\r\n													<span style="font-family: Arial">\r\n													(iii) at the direction of \r\n													the borrower; and <i>(b) </i>\r\n													to either </span></p>\r\n													<p class="Style" style="text-indent: -20.85pt; margin-left: 103.9pt; margin-right: 1.0pt">\r\n													<span style="font-family: Arial">\r\n													(i) defer the borrower''s \r\n													obligation to repay the \r\n													stipulated amouQt in \r\n													paragraph <i>(a) </i>to the \r\n													lender, </span></p>\r\n													<p class="Style" style="margin-left: 84.2pt; margin-right: .05pt">\r\n													<span style="font-family: Arial">\r\n													(ii) bill the borrower \r\n													periodically for the amount\r\n													</span></p>\r\n													<p class="Style" style="text-indent: 104.6pt; margin-left: .2pt; margin-right: 84.75pt">\r\n													<span style="font-family: Arial">\r\n													stipulated in paragraph <i>\r\n													(a) </i>whether or not a \r\n													charge, fee or interest is \r\n													payable to the lender in \r\n													respect of the arrangements.\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 1.4pt; margin-right: .05pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													Meaning of credit \r\n													transaction </span></b></p>\r\n													<p class="Style" style="text-indent: -36.2pt; margin-left: 48.2pt; margin-right: 119.55pt">\r\n													<span style="font-family: Arial">\r\n													4. An agreement is a credit \r\n													transaction if it is <i>(a)\r\n													</i>a pawn transaction;\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 47.5pt; margin-right: .05pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(b) </span></i>\r\n													<span style="font-family: Arial">\r\n													an installment agreement;\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 48.2pt; margin-right: 142.85pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(c) </span></i>\r\n													<span style="font-family: Arial">\r\n													a mortgage or secured loan; \r\n													or <i>(d) </i>a finance or \r\n													operating lease </span></p>\r\n													<p class="Style" style="margin-left: .45pt; margin-right: .05pt">\r\n													<span style="font-family: Arial">\r\n													and it is not a credit \r\n													facility or credit guarantee\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 1.4pt; margin-right: .05pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													Meaning of credit guarantee\r\n													</span></b></p>\r\n													<p class="Style" style="text-align: justify; text-indent: 12.0pt; margin-right: 1.25pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													5. </span></b>\r\n													<span style="font-family: Arial">\r\n													An agreement is a credit \r\n													guarantee if in that \r\n													agreement a third party \r\n													undertakes or promises to \r\n													satisfy on demand an \r\n													obligation of a borrower in \r\n													a credit facility or credit \r\n													transaction to which this \r\n													Act applies. </span></p>\r\n													<p class="Style" style="margin-left: 60.2pt; margin-right: .05pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													Supervisory and enfOrcement \r\n													role of Bank of Ghana.\r\n													</span></i></p>\r\n													<p class="Style" style="margin-left: 1.4pt; margin-right: .05pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													Functions of the Bank of \r\n													Ghana </span></b></p>\r\n													<p class="Style" style="margin-left: 11.5pt; margin-right: .05pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													6. </span></b>\r\n													<span style="font-family: Arial">\r\n													(1) In furtherance of this \r\n													Act, the Bank of Ghana shall\r\n													</span></p>\r\n													<p class="Style" style="text-indent: -17.75pt; margin-left: 65.25pt; margin-right: 1.45pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(a) </span></i>\r\n													<span style="font-family: Arial">\r\n													promote and support the \r\n													development of a fair, \r\n													transparent, competitive, \r\n													and accessible credit \r\n													market; </span></p>\r\n													<p class="Style" style="text-indent: -17.75pt; margin-left: 65.25pt; margin-right: 1.45pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(b) </span></i>\r\n													<span style="font-family: Arial">\r\n													receive complaints in \r\n													writing about alleged \r\n													contraventions of this Act;\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 47.5pt; margin-right: .05pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(c) </span></i>\r\n													<span style="font-family: Arial">\r\n													monitor the credit market to \r\n													detect and prevent conduct\r\n													prohibited by this Act;\r\n													</span></p>\r\n													<p class="Style" style="text-align: justify; margin-left: 47.5pt; margin-right: 7.45pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(d) </span></i>\r\n													<span style="font-family: Arial">\r\n													institute proceedings in \r\n													case of contravention of \r\n													this Act; </span>\r\n													</p>\r\n													<p class="Style" style="text-align: justify; margin-left: 47.5pt; margin-right: 7.45pt">\r\n													<span style="font-family: Arial">\r\n													<i>(e) </i>conduct \r\n													investigation to ensure \r\n													compliance with this Act; </span>\r\n													</p>\r\n													<p class="Style" style="text-align: justify; margin-left: 47.5pt; margin-right: 7.45pt">\r\n													<span style="font-family: Arial">\r\n													<i>\r\n													(f) </i>issue and enforce \r\n													compliance orders; </span>\r\n													</p>\r\n													<p class="Style" style="margin-left: 47.5pt; margin-right: .05pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(g) </span></i>\r\n													<span style="font-family: Arial">\r\n													promote public awareness of \r\n													credit matters, through\r\n													</span></p>\r\n													<p class="Style" style="text-indent: -20.85pt; margin-left: 103.9pt; margin-right: 1.0pt">\r\n													<span style="font-family: Arial">\r\n													(i) public education, the \r\n													design and dissemination of \r\n													information to the public; \r\n													or </span></p>\r\n													<p class="Style" style="text-indent: -20.85pt; margin-left: 103.9pt; margin-right: 1.0pt">\r\n													<span style="font-family: Arial">\r\n													(ii) the provision of \r\n													guidance to the credit \r\n													market and industry; </span>\r\n												</div>\r\n												<div class="Section14">\r\n													<p class="Style" style="text-indent: -20.85pt; margin-left: 104.65pt; margin-right: 1.9pt">\r\n													<span style="font-family: Arial">\r\n													(iii) adoption of other \r\n													measures to develop public \r\n													awareness of the provisions \r\n													of this Act; </span></p>\r\n													<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.25pt; margin-right: .95pt">\r\n													<span style="font-family: Arial">\r\n													(g) advise the Minister on \r\n													matters of national policy \r\n													related to credit and on the \r\n													determination of standards \r\n													as regards protection of the \r\n													rights of borrowers and \r\n													lenders in terms of this \r\n													Act; and </span></p>\r\n													<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.25pt; margin-right: .95pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(h) </span></i>\r\n													<span style="font-family: Arial">\r\n													report to the Minister \r\n													annually on the volume and \r\n													cost of different types of \r\n													credit products, market \r\n													practices relating to those \r\n													products, and their \r\n													implications'' for borrower \r\n													choice and competition in \r\n													the credit market. </span>\r\n													</p>\r\n													<p class="Style" style="margin-left: 27.6pt">\r\n													<span style="font-family: Arial">\r\n													(2) In furtherance of \r\n													subsection (1) the Bank may\r\n													</span></p>\r\n													<p class="Style" style="text-indent: -17.5pt; margin-left: 66.0pt; margin-right: .2pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(a) </span></i>\r\n													<span style="font-family: Arial">\r\n													have regard to international \r\n													developments in the field of \r\n													credit and financing; or\r\n													</span></p>\r\n													<p class="Style" style="margin-left: 48.45pt">\r\n													<i>\r\n													<span style="font-family: Arial">\r\n													(b) </span></i>\r\n													<span style="font-family: Arial">\r\n													consult a person, \r\n													organisation or institution \r\n													about a matter. </span></p>\r\n													<p class="Style" style="margin-left: .25pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													Rules by Notices </span></b>\r\n													</p>\r\n													<p class="Style" style="text-indent: 12.2pt; margin-left: .45pt; margin-right: 72.45pt">\r\n													<span style="font-family: Arial">\r\n													7. The Bank may by Notice \r\n													make rules for the effective \r\n													implementation of this Act.\r\n													</span></p>\r\n													<p class="Style" style="margin-left: .25pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													Investigation </span></b>\r\n													</p>\r\n													<p class="Style" style="text-align: justify; text-indent: 11.75pt; margin-left: .7pt; margin-right: 1.4pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													8. </span></b>\r\n													<span style="font-family: Arial">\r\n													Where the Bank has reason to \r\n													suspect that a person has \r\n													committed an offence under \r\n													this Act or has been found \r\n													guilty of fraud or \r\n													dishonesty in relation to \r\n													any credit agreement, the \r\n													Bank may conduct \r\n													investigations as it \r\n													considers necessary in \r\n													pursuance of this Act.\r\n													</span></p>\r\n													<p class="Style" style="margin-left: .25pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													Examination by Bank of Ghana\r\n													</span></b></p>\r\n													<p class="Style" style="text-indent: 12.0pt; margin-left: .45pt; margin-right: 1.65pt">\r\n													<b>\r\n													<span style="font-family: Arial">\r\n													9. </span></b>\r\n													<span style="font-family: Arial">\r\n													(1) The Bank may examine the \r\n													books, accounts, documents \r\n													and transactions of a \r\n													lender. </span></p>\r\n													<p class="Style" style="text-indent: 26.85pt; margin-left: .45pt; margin-right: 2.15pt">\r\n													<span style="font-family: Arial">\r\n													(2) The Bank may appoint a \r\n													person to perform the \r\n													function in subsection (1) \r\n													on terms and conditions \r\n													determined by the Bank.\r\n													</span></p>\r\n													<p class="Style" style="text-indent: 26.85pt; margin-left: .45pt; margin-right: 2.15pt">\r\n													<span style="font-family: Arial">\r\n													(3) A person appointed by \r\n													the Bank may make copies or \r\n													take possession of records \r\n													of a lender. </span></p>\r\n													<p class="Style" style="text-align: justify; text-indent: 27.1pt; margin-left: .25pt; margin-right: 2.85pt">\r\n													<span style="font-family: Arial">\r\n													(4) A lender, a borrower, or \r\n													other person shall give the \r\n													Bank access to and shall \r\n													produce books, accounts, \r\n													documents and information \r\n													required to conduct the \r\n													inspection. </span></p>\r\n													<p class="Style" style="text-align: justify; text-indent: 27.1pt; margin-left: .25pt; margin-right: 2.85pt">\r\n													<span style="font-family: Arial">\r\n													(5) A person who fails, \r\n													without reasonable excuse, \r\n													to furnish the Bank with the \r\n													information required commits \r\n													an offence and is liable on \r\n													summary conviction to a fine \r\n													of not more than two \r\n													thousand penalty units or to \r\n													a term of imprisonment of \r\n													not more than four years or \r\n													to both. </span></p></div><div class="Section17">\r\n												<p class="Style" style="text-align: justify; text-indent: 27.1pt">\r\n												<span style="font-family: Arial">\r\n												(6) A person shall not disclose \r\n												information obtained from the \r\n												books produced under this \r\n												section without the previous \r\n												consent in writing of the person \r\n												who has custody or control of \r\n												the books, except to the Bank of \r\n												Ghana and its officers and \r\n												employees, unless the \r\n												publication or disclosure is \r\n												required for the purposes of \r\n												criminal proceedings or other \r\n												action under this Act. </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: .45pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Order for search of premises\r\n												</span></b></p>\r\n												<p class="Style" style="margin-left: 12.95pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												10. </span></b>\r\n												<span style="font-family: Arial">\r\n												Where the Bank has reasonable \r\n												grounds to suspect that </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 65.5pt; margin-right: .7pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												an action prohibited by this Act \r\n												has taken place, is taking \r\n												place, or is likely to take \r\n												place on or in the premises;\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 48.0pt; margin-right: 1.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												an article connected with an \r\n												investigation into the \r\n												prohibited conduct is in the \r\n												possession of, or under the \r\n												control of, a ,,-. person who is \r\n												on or in the premises; or </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(c) </span></i>\r\n												<span style="font-family: Arial">\r\n												books, the production of which \r\n												have been requested by the Bank \r\n												and have not been produced in \r\n												compliance with the direction \r\n												are in the possession or under \r\n												the control of a person who is \r\n												on or in the premis&quot;es; </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; text-indent: 65.25pt; margin-left: .2pt; margin-right: .95pt">\r\n												<span style="font-family: Arial">\r\n												the Bank may apply to court for \r\n												the issue of a warrant \r\n												authorising the Bank or a person \r\n												named in the warrant to enter \r\n												and search the premises. </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -14.85pt; margin-left: 48.2pt; margin-right: 36.2pt">\r\n												<span style="font-family: Arial">\r\n												(2) A person authorised to enter \r\n												and search premises may <i>(a)\r\n												</i>search the premises; </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												search any person on the \r\n												premises if there are reasonable \r\n												grounds to believe that the \r\n												person has personal possession \r\n												of an article or document that \r\n												has a bearing on the \r\n												investigation; </span></p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 65.5pt; margin-right: .7pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(c) </span></i>\r\n												<span style="font-family: Arial">\r\n												examine an article or document \r\n												that is on or in the premises \r\n												and has a bearing on the \r\n												investigation; </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(d) </span></i>\r\n												<span style="font-family: Arial">\r\n												request information about an \r\n												article or document from the \r\n												owner of, or person in control \r\n												of the premises or from a person \r\n												who has control of the article \r\n												or document, or from any other \r\n												person who may have the \r\n												information; </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(e) </span></i>\r\n												<span style="font-family: Arial">\r\n												take extracts from, or make \r\n												copies of, any book or document \r\n												that is on or in the premises \r\n												and has a bearing on the \r\n												investigation; </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(f) </span></i>\r\n												<span style="font-family: Arial">\r\n												use any computer system on the \r\n												premises, or require assistance \r\n												of person on the premises to use \r\n												that computer \r\n												system, to </span></p></div>\r\n												<div class="Section20">\r\n												<p class="Style" style="text-indent: -20.85pt; margin-left: 104.6pt; margin-right: .2pt">\r\n												<span style="font-family: Arial">\r\n												(i) access any data contained in \r\n												or available to that computer \r\n												system; </span></p>\r\n												<p class="Style" style="margin-left: 83.75pt">\r\n												<span style="font-family: Arial">\r\n												(ii) reproduce any record from \r\n												that data; </span></p>\r\n												<p class="Style" style="text-indent: -20.85pt; margin-left: 104.6pt; margin-right: .2pt">\r\n												<span style="font-family: Arial">\r\n												(iii) seize an output from that \r\n												computer for examination and \r\n												copying; and </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -21.1pt; margin-left: 104.85pt; margin-right: .45pt">\r\n												<span style="font-family: Arial">\r\n												(iv) attach, and if necessary, \r\n												remove from the premises for \r\n												examination and safekeeping, any \r\n												item that has a bearing on the \r\n												investigation. </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: .45in; margin-left: .7pt">\r\n												<span style="font-family: Arial">\r\n												(3) The powers conferred under \r\n												subsection (1) are in addition \r\n												to, and not in derogation of, \r\n												any other powers conferred by \r\n												the Criminal Offences Act, 1960 \r\n												(Act 29) or a law related to \r\n												search of premises. </span></p>\r\n												<p class="Style" style="text-indent: .45in; margin-left: 1.2pt; margin-right: .7pt">\r\n												<span style="font-family: Arial">\r\n												(4) In this section &quot;premises&quot; \r\n												includes structure, building, \r\n												place, aircraft, vehicle and \r\n												vessel. </span></p>\r\n												<p class="Style" style="margin-left: .2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Power of Court to make certain \r\n												orders </span></b></p>\r\n												<p class="Style" style="text-indent: 12.7pt; margin-left: .7pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												11. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) Where on the application of \r\n												a person alleging infringement \r\n												under this Act, it appears to a \r\n												court that a person </span></p>\r\n												<p class="Style" style="margin-left: 47.75pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												has committed an offence under \r\n												this Act, </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.5pt; margin-left: 65.5pt; margin-right: .2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												has contravened the conditions \r\n												or restrictions of a licence or \r\n												a code of conduct issued by or \r\n												with the permission of the Bank, \r\n												or </span></p>\r\n												<p class="Style" style="margin-left: 47.75pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(c) </span></i>\r\n												<span style="font-family: Arial">\r\n												is about to do an act that, if \r\n												done, would be an offence or\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 65.5pt">\r\n												<span style="font-family: Arial">\r\n												contravention of this Act,\r\n												</span></p>\r\n												<p class="Style" style="text-align: justify; margin-left: .7pt; margin-right: .45pt">\r\n												<span style="font-family: Arial">\r\n												the Court may, without \r\n												limitation to any other orders \r\n												it may make, make an order to \r\n												secure compliance with any other \r\n												order under this section, and \r\n												direct a person to do or refrain \r\n												from doing a specified act.\r\n												</span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: .45in; margin-left: .7pt">\r\n												<span style="font-family: Arial">\r\n												(2) A person who, without \r\n												reasonable excuse, contravenes \r\n												or fails to comply with an order \r\n												under subsection (1) commits an \r\n												offence and is liable on summary \r\n												conviction to a fine of not more \r\n												than five thousand penalty units \r\n												or to a term of imprisonment of \r\n												not more than ten years or to \r\n												both. </span></p>\r\n												<p class="Style" style="margin-left: .2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Administrative fines </span></b>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; text-indent: 12.7pt; margin-left: .2pt; margin-right: .2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												12. </span></b>\r\n												<span style="font-family: Arial">\r\n												The Bank may impose an \r\n												administrative fine of not more \r\n												than five thousand penalty units \r\n												and in the case of a continued \r\n												breach an additional fine of not \r\n												more than fifty penalty units \r\n												for each day the breach \r\n												continues. </span></p></div><div class="Section23">\r\n												<p class="Style" style="margin-left: .95pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Right to apply for credit </span>\r\n												</b></p>\r\n												<p class="Style" style="text-indent: 12.45pt; margin-left: 1.2pt; margin-right: 1.2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												13. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) A person who has a legal \r\n												capacity to enter into a \r\n												contract may apply to a lender \r\n												for credit. </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 33.1pt; margin-left: .7pt; margin-right: .95pt">\r\n												<span style="font-family: Arial">\r\n												(2) A lender may refuse to enter \r\n												into a credit agreement with a \r\n												prospective borrower on \r\n												reasonable commercial grounds \r\n												consistent with the lender''s \r\n												customary risk management and \r\n												underwriting practices. </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: 32.6pt; margin-left: .45pt; margin-right: 1.2pt">\r\n												<span style="font-family: Arial">\r\n												(3) This Act does not establish \r\n												a right of a person to require a \r\n												lender to enter into a credit \r\n												agreement with that person.\r\n												</span></p>\r\n												<p class="Style" style="margin-left: .2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Protection against \r\n												discrimination in respect of \r\n												credit </span></b></p>\r\n												<p class="Style" style="text-indent: 12.45pt; margin-left: 1.2pt; margin-right: 1.2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												14. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) A lender shall not \r\n												discriminate against a person on \r\n												the grounds of race, gender, \r\n												ethnicity, political \r\n												affiliation, or religion to\r\n												</span></p>\r\n												<p class="Style" style="text-indent: -17.75pt; margin-left: 65.75pt; margin-right: 1.4pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												assess the ability of the person \r\n												to meet the obligations of a \r\n												proposed credit agreement;\r\n												</span></p>\r\n												<p class="Style" align="center" style="text-align: center; margin-left: 41.5pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												decide whether to refuse an \r\n												application to enter into a \r\n												credit agreement, or to offer or \r\n												enter into a credit agreement;\r\n												</span></p>\r\n												<p class="Style" style="text-indent: -17.75pt; margin-left: 65.75pt; margin-right: 1.4pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(c) </span></i>\r\n												<span style="font-family: Arial">\r\n												determine an aspect of the cost \r\n												of a credit agreement to the \r\n												borrower; </span></p>\r\n												<p class="Style" style="text-indent: -17.75pt; margin-left: 65.75pt; margin-right: 1.4pt">\r\n												<span style="font-family: Arial">\r\n												(d) propose or agree on the \r\n												terms and conditions of a credit \r\n												agreement; </span></p>\r\n												<p class="Style" style="text-indent: -17.75pt; margin-left: 65.75pt; margin-right: 1.4pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(e) </span></i>\r\n												<span style="font-family: Arial">\r\n												assess or require compliance by \r\n												the person with the terms of a \r\n												credit agreement; </span></p>\r\n												<p class="Style" style="text-indent: -17.75pt; margin-left: 65.75pt; margin-right: 1.4pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(f) </span></i>\r\n												<span style="font-family: Arial">\r\n												exercise any right of the lender \r\n												under a credit agreement, this \r\n												Act or any legislation relating \r\n												to credit; or </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.5pt; margin-left: 65.5pt; margin-right: 1.65pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(g) </span></i>\r\n												<span style="font-family: Arial">\r\n												determine whether to continue, \r\n												enforce, seek judgment as regard \r\n												a credit agreement or terminate \r\n												a credit agreement. </span></p>\r\n												<p class="Style" style="text-indent: 32.6pt; margin-left: .45pt; margin-right: 1.2pt">\r\n												<span style="font-family: Arial">\r\n												(2) A person aggrieved by a \r\n												decision of a lender may make a \r\n												com­plaint to the Bank for \r\n												redress. </span></p>\r\n												<p class="Style" style="margin-left: .2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Delivery of documents </span>\r\n												</b></p>\r\n												<p class="Style" style="margin-left: 12.7pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												15. </span></b>\r\n												<span style="font-family: Arial">\r\n												A lender shall deliver a \r\n												document required to be \r\n												delivered to a </span></p>\r\n												<p class="Style">\r\n												<span style="font-family: Arial">\r\n												borrower </span></p>\r\n												<p class="Style" style="margin-left: 47.5pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												in person; </span></p>\r\n												<p class="Style" style="margin-left: 47.5pt; margin-right: 211.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												by ordinary mail; <i>(c) </i>by \r\n												facsimile; </span></p>\r\n												<p class="Style" style="margin-left: 47.5pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(d) </span></i>\r\n												<span style="font-family: Arial">\r\n												by electronic-mail; </span></p>\r\n												</div>\r\n												<div class="Section26">\r\n												<p class="Style"><span style="font-family: Arial">&nbsp;</span><i><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												(e) </span></i>\r\n												<span style="font-family: Arial">\r\n												by printable web-page; or </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 48.7pt; margin-right: 1.4pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(f) </span></i>\r\n												<span style="font-family: Arial">\r\n												any other means agreed between \r\n												the lender and the borrower.\r\n												</span></p>\r\n												<p class="Style" style="margin-left: .95pt; margin-right: 1.2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Protection of borrower credit \r\n												rights </span></b></p>\r\n												<p class="Style" style="text-indent: 12.7pt; margin-left: .2pt; margin-right: 3.1pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												16. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) A lender shall not in \r\n												response to a borrower''s \r\n												exercise of a right under this \r\n												Act </span></p>\r\n												<p class="Style" style="margin-left: 48.7pt; margin-right: 1.4pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												penalise the borrower; </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.45pt; margin-right: 2.4pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												alter, or propose to alter the \r\n												terms or conditions of a credit \r\n												agreement with the borrower to \r\n												the detriment of the borrower; \r\n												or </span></p>\r\n												<p class="Style" style="text-indent: -17.75pt; margin-left: 66.7pt; margin-right: 2.4pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(c) </span></i>\r\n												<span style="font-family: Arial">\r\n												take an action to accelerate, \r\n												enforce, suspend or terminate a \r\n												credit agreement with the \r\n												borrower. </span></p>\r\n												<p class="Style" style="text-indent: -15.1pt; margin-left: 49.2pt; margin-right: 2.6pt">\r\n												<span style="font-family: Arial">\r\n												(2) Where a credit agreement or \r\n												the provision of a credit \r\n												agreement is <i>(a) </i>declared \r\n												unlawful, or </span></p>\r\n												<p class="Style" style="margin-left: 48.7pt; margin-right: 1.4pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												severed from the agreement\r\n												the lender in that agreement \r\n												shall not, in response to that \r\n												decision \r\n												</span></p>\r\n												<p class="Style" style="margin-left: 48.7pt; margin-right: 1.4pt">\r\n												<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) alter the terms or \r\n												conditions of other credit \r\n												agreement with a party to the \r\n												impugned agreement, except to \r\n												the extent necessary to correct \r\n												a similarly - unlawful \r\n												provision; or </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -20.6pt; margin-left: 106.05pt; margin-right: 1.2pt">\r\n												<span style="font-family: Arial">\r\n												(ii) take an action to \r\n												accelerate, enforce, suspend or \r\n												terminate another credit \r\n												agreement with another party to \r\n												the impugned agreement. </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: .95pt; margin-right: 1.2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Confidentiality, personal \r\n												information and borrower credit \r\n												records </span></b></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 12.7pt; margin-left: 1.9pt; margin-right: 1.2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												17. </span></b>\r\n												<span style="font-family: Arial">\r\n												A lender or a person who acts on \r\n												behalf of a lender shall not \r\n												disclose information obtained \r\n												from a borrower unless the \r\n												information is required under \r\n												the Credit Reporting Act, 2007 \r\n												(Act 726) under any other law or \r\n												by a court. </span></p>\r\n												<p class="Style" style="text-indent: 123.1pt; margin-left: 2.35pt; margin-right: 124.1pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												Disclosure of information </span>\r\n												</i><b>\r\n												<span style="font-family: Arial">\r\n												Pre-agreement disclosure </span>\r\n												</b></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 12.7pt; margin-left: 2.1pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												18. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) A lender shall not conclude \r\n												a credit agreement with a \r\n												prospective borrower unless the \r\n												lender provides the prospective \r\n												borrower with a pre­agreement \r\n												statement and quotation in the \r\n												form specified in the Schedule.\r\n												</span></p>\r\n												<p class="Style" style="text-indent: -15.1pt; margin-left: 51.05pt; margin-right: 110.45pt">\r\n												<span style="font-family: Arial">\r\n												(2) A pre-agreement statement \r\n												shall specify </span></p>\r\n												<p class="Style" style="text-indent: -15.1pt; margin-left: 51.05pt; margin-right: 110.45pt">\r\n												<span style="font-family: Arial">&nbsp;<i>&nbsp;&nbsp;&nbsp;&nbsp; (a) </i>the \r\n												principal amount; </span></p>\r\n												<p class="Style" style="margin-left: 51.05pt; margin-right: 4.1pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												the proposed disbursement \r\n												schedule of the principal debt;</span></p>\r\n												<p class="Style" style="margin-left: 51.05pt; margin-right: 4.1pt">\r\n												<span style="font-family: Arial">\r\n												&nbsp;<i>(c) </i>the interest rate;\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 48.45pt">\r\n												<i>\r\n												<span style="font-family: Arial">(d) \r\n												</span></i>\r\n												<span style="font-family: Arial">other credit costs; \r\n												</span></p>\r\n												<p class="Style" style="margin-left: 48.0pt; margin-right: 26.6pt">\r\n												<i>\r\n												<span style="font-family: Arial">(e) \r\n												</span></i>\r\n												<span style="font-family: Arial">the total amount involved in the \r\n												proposed agreement, </span></p>\r\n												<p class="Style" style="margin-left: 48.0pt; margin-right: 26.6pt">\r\n												<span style="font-family: Arial">\r\n												<i>(f) </i>the proposed repayment schedule; \r\n												and </span></p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 66.0pt; margin-right: .7pt">\r\n												<i>\r\n												<span style="font-family: Arial">(g) \r\n												</span></i>\r\n												<span style="font-family: Arial">the basis of any cost that may \r\n												be assessed if the borrower \r\n												breaches the contract. </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: 32.85pt; margin-left: .2pt; margin-right: 1.4pt">\r\n												<span style="font-family: Arial">(3) A lender who contravenes \r\n												this section is liable to an \r\n												administra­tive sanction imposed \r\n												by the Bank. </span></p>\r\n												<p class="Style" style="text-indent: 32.85pt; margin-left: .2pt; margin-right: 1.4pt">\r\n												<span style="font-family: Arial">(4) In furtherance of subsection \r\n												(3), a borrower may sue a lender \r\n												for damages for loss suffered as \r\n												a result of the contravention.\r\n												</span></p>\r\n												<p class="Style"><b>\r\n												<span style="font-family: Arial">Marketing information\r\n												</span></b></p>\r\n												<p class="Style" style="margin-left: 13.2pt">\r\n												<b>\r\n												<span style="font-family: Arial">19. \r\n												</span></b>\r\n												<span style="font-family: Arial">(1) Any written solicitation to \r\n												induce a person to apply for or\r\n												</span></p>\r\n												<p class="Style" style="margin-left: .45pt">\r\n												<span style="font-family: Arial">obtain credit shall include\r\n												</span></p>\r\n												<p class="Style" style="text-align: justify; margin-left: 48.2pt; margin-right: 73.65pt">\r\n												<i>\r\n												<span style="font-family: Arial">(a) \r\n												</span></i>\r\n												<span style="font-family: Arial">the name and business address of \r\n												the lender; </span></p>\r\n												<p class="Style" style="text-align: justify; margin-left: 48.2pt; margin-right: 73.65pt">\r\n												<span style="font-family: Arial">\r\n												<i>(b) </i>the \r\n												nature of the proposed credit \r\n												agreement; </span></p>\r\n												<p class="Style" style="margin-left: 48.45pt">\r\n												<i>\r\n												<span style="font-family: Arial">(c) \r\n												</span></i>\r\n												<span style="font-family: Arial">the lender''s current annual \r\n												interest rate and other costs of\r\n												credit</span></p>\r\n												<p class="Style" style="margin-left: 48.45pt">\r\n												<i>\r\n												<span style="font-family: Arial">(d) \r\n												</span></i>\r\n												<span style="font-family: Arial">whether deposit or security is \r\n												required; </span></p>\r\n												<p class="Style" style="margin-left: 48.45pt; margin-right: 84.0pt">\r\n												<i>\r\n												<span style="font-family: Arial">(e) \r\n												</span></i>\r\n												<span style="font-family: Arial">whether residual payment will be \r\n												required; </span></p>\r\n												<p class="Style" style="margin-left: 48.45pt; margin-right: 84.0pt">\r\n												<span style="font-family: Arial">\r\n												<i>(g) </i>whether \r\n												other restrictions apply; and\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 48.45pt">\r\n												<i>\r\n												<span style="font-family: Arial">(h) \r\n												</span></i>\r\n												<span style="font-family: Arial">any other information determined \r\n												by the Bank. </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 32.6pt; margin-left: .95pt; margin-right: .7pt">\r\n												<span style="font-family: Arial">(2) A person who makes an oral \r\n												solicitation to induce a person \r\n												to apply for or obtain credit \r\n												shall provide a written \r\n												statement which con­tains the \r\n												information set out in \r\n												subsection (1). </span></p>\r\n												<p class="Style" style="text-indent: 106.8pt; margin-left: .45pt; margin-right: 108.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">Repayment and recovery of debt&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span></i><b>\r\n												<span style="font-family: Arial">Borrower''s or guarantor''s \r\n												obligations </span></b></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 11.5pt; margin-left: .95pt; margin-right: .45pt">\r\n												<b>\r\n												<span style="font-family: Arial">20. \r\n												</span></b>\r\n												<span style="font-family: Arial">(1) A borrower or guarantor may \r\n												settle the credit amount at any \r\n												time, subject to notice \r\n												requirements as the conditions \r\n												provided for in a credit \r\n												agreement. </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 32.6pt; margin-left: .95pt; margin-right: .7pt">\r\n												<span style="font-family: Arial">(2) A credit agreement may \r\n												provide for the terms and \r\n												conditions of any prepayment and \r\n												the order in which advance \r\n												payments are to be applied;\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 34.05pt">\r\n												<span style="font-family: Arial">(3) Unless otherwise agreed by \r\n												the parties, the amount required \r\n												to </span></p>\r\n												<p class="Style" style="text-indent: -47.75pt; margin-left: 48.95pt; margin-right: 176.85pt">\r\n												<span style="font-family: Arial">settle a debt agreement is the \r\n												total of </span></p>\r\n												<p class="Style" style="text-indent: -47.75pt; margin-left: 48.95pt; margin-right: 176.85pt">\r\n												<span style="font-family: Arial">&nbsp;<i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) \r\n												</i>the \r\n												principal amount; </span></p>\r\n												<p class="Style" style="margin-left: 48.45pt">\r\n												<i>\r\n												<span style="font-family: Arial">(b) \r\n												</span></i>\r\n												<span style="font-family: Arial">the accrued interest charges;\r\n												</span></p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 66.0pt; margin-right: .7pt">\r\n												<i>\r\n												<span style="font-family: Arial">(c) \r\n												</span></i>\r\n												<span style="font-family: Arial">a prepayment charge, if any, \r\n												agreed between the borrower and \r\n												the lender; and </span></p></div><div class="Section31">\r\n												<p class="Style">\r\n												<span style="font-family: Arial">\r\n												&nbsp;</span><i><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												(d) </span></i>\r\n												<span style="font-family: Arial">the other fees and charges \r\n												payable by the borrower to the \r\n												lender up to the date for \r\n												settlement. </span>\r\n												<p class="Style" style="margin-left: .95pt; margin-right: 3.15pt">\r\n												<span style="font-family: Arial">(4) Subject to notice \r\n												requirements provided in a \r\n												credit agreement, a lender shall \r\n												accept any payment under a \r\n												credit agreement when it is \r\n												tendered, even if that is before \r\n												the date on which the payment is \r\n												due. (5) A lender shall credit \r\n												each payment made under a credit \r\n												agree­ment to the borrower as of \r\n												the date of receipt of the \r\n												payment.&nbsp;&nbsp;&nbsp;\r\n												</span></p>\r\n												<p class="Style" style="margin-left: .95pt; margin-right: 3.15pt">\r\n												<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												</span><i>\r\n												<span style="font-family: Arial">Collateral registry and \r\n												registration of charge</span></i></p>\r\n												<p class="Style" style="margin-left: .95pt; margin-right: 3.15pt">\r\n												<b>\r\n												<span style="font-family: Arial">Collateral Registry \r\n												</span></b></p>\r\n												<p class="Style" style="text-indent: 11.5pt; margin-left: 1.9pt; margin-right: 9.4pt">\r\n												<b>\r\n												<span style="font-family: Arial">21. \r\n												</span></b>\r\n												<span style="font-family: Arial">There is established by this Act \r\n												a registry known as the \r\n												Collateral Registry. </span></p>\r\n												<p class="Style" style="margin-left: 2.85pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">Object ofthe Registry\r\n												</span></b></p>\r\n												<p class="Style" style="text-indent: 11.5pt; margin-left: 2.85pt; margin-right: 1.7pt">\r\n												<b>\r\n												<span style="font-family: Arial">22. \r\n												</span></b>\r\n												<span style="font-family: Arial">The object of the Registry is to \r\n												register charges and collaterals \r\n												created by borrowers to secure \r\n												credit facilities provided by \r\n												lenders. </span></p>\r\n												<p class="Style" style="margin-left: 2.85pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">Functions of the Registry \r\n												</span></b></p>\r\n												<p class="Style" style="text-indent: 11.5pt; margin-left: 2.85pt; margin-right: 1.7pt">\r\n												<b>\r\n												<span style="font-family: Arial">23. \r\n												</span></b>\r\n												<span style="font-family: Arial">The Registry shall register \r\n												charges and collateral perform \r\n												other functions are determined \r\n												by the Bank. </span></p>\r\n												<p class="Style" style="margin-left: 2.85pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">Appointment of collateral \r\n												Registrar </span></b></p>\r\n												<p class="Style" style="text-indent: 11.5pt; margin-left: 2.85pt; margin-right: 1.7pt">\r\n												<b>\r\n												<span style="font-family: Arial">24. \r\n												</span></b>\r\n												<span style="font-family: Arial">The Bank shall appoint a \r\n												Registrar of charges and \r\n												collateral on terms and \r\n												conditions specified in the \r\n												letter of appointment. </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 2.85pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">Registration of charges \r\n												</span></b></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 11.25pt; margin-left: 3.8pt; margin-right: .75pt">\r\n												<b>\r\n												<span style="font-family: Arial">25. \r\n												</span></b>\r\n												<span style="font-family: Arial">(1) A borrower or a person \r\n												interested in a charge shall \r\n												register a certified copy of a \r\n												charge or collateral created by \r\n												the borrower in favour of a \r\n												lender with the Collateral \r\n												Registry within twenty-eight \r\n												days after the date of the \r\n												creation of the collateral or \r\n												charge. </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 32.6pt; margin-left: 3.8pt; margin-right: .25pt">\r\n												<span style="font-family: Arial">(2) Where a charge is created by \r\n												a company, the requirement to \r\n												register charges with the \r\n												Collateral Registry under this \r\n												section shall be in addition to \r\n												the requirement under section \r\n												107 of the Companies Act, 1963 \r\n												(Act 179) to register charges \r\n												with the Registrar of Companies.\r\n												</span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 32.6pt; margin-left: 3.8pt; margin-right: .25pt">\r\n												<span style="font-family: Arial">(3) A charge which is not \r\n												registered in accordance with \r\n												subsec­tion (1) is of no effect \r\n												as security for a borrower''s \r\n												obligations for repay­ment of \r\n												the money secured and the money \r\n												secured shall immediately become \r\n												payable despite any provision to \r\n												the contrary in any contract.\r\n												</span></p></div><div class="Section35">\r\n												<p class="Style" style="margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Procedure on registration </span>\r\n												</b></p>\r\n												<p class="Style" style="text-indent: -36.2pt; margin-left: 48.0pt; margin-right: 51.65pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												26. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) The Collateral Registrar \r\n												shall specify in the register <i>\r\n												(a) </i>the name of the \r\n												borrower; </span></p>\r\n												<p class="Style" style="margin-left: 48.0pt; margin-right: .05pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												the name of the lender; </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 48.0pt; margin-right: .05pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(c) </span></i>\r\n												<span style="font-family: Arial">\r\n												the nature of the charge; </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; margin-left: 48.0pt; margin-right: 127.45pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(d) </span></i>\r\n												<span style="font-family: Arial">\r\n												the date of creation of the \r\n												charge; <i>(e) </i>the amount \r\n												secured by the charge, </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 48.0pt; margin-right: .05pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(f) </span></i>\r\n												<span style="font-family: Arial">\r\n												short particulars of the \r\n												property charged; and </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; text-indent: -.25in; margin-left: 66.2pt; margin-right: 1.45pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(g) </span></i>\r\n												<span style="font-family: Arial">\r\n												in the case of a floating \r\n												charge, the nature of any \r\n												restriction on the power of the \r\n												borrower or chargor to grant \r\n												further charges that rank in \r\n												priority to or with the charge \r\n												created. </span></p>\r\n												<p class="Style" style="margin-left: 33.6pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												(2) This section does not affect \r\n												the provisions of other \r\n												enactment </span></p>\r\n												<p class="Style" style="margin-left: 1.4pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												related to the registration of \r\n												charges. </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 32.85pt; margin-left: .7pt; margin-right: 1.45pt">\r\n												<span style="font-family: Arial">\r\n												(3) In furtherance of this \r\n												section, the Registrar shall \r\n												keep, with respect to each \r\n												borrower; a register of the \r\n												particulars of the charge \r\n												delivered for registration.\r\n												</span></p>\r\n												<p class="Style" style="text-indent: 35.75pt; margin-left: .95pt; margin-right: .25pt">\r\n												<span style="font-family: Arial">\r\n												(4) The Registrar shall issue a \r\n												certificate of the registration \r\n												of particulars of any charge \r\n												registered to the borrower.\r\n												</span></p>\r\n												<p class="Style" style="text-indent: 32.6pt; margin-left: 1.4pt; margin-right: 1.0pt">\r\n												<span style="font-family: Arial">\r\n												(5) The certificate shall be \r\n												evidence in the absence ofa copy \r\n												of the document on the charge.\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 1.2pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Registration of satisfaction of \r\n												debt </span></b></p>\r\n												<p class="Style" style="text-indent: 11.5pt; margin-left: 1.4pt; margin-right: 1.0pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												27. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) The Registrar shall, on \r\n												application in the prescribed \r\n												form and on proof of </span></p>\r\n												<p class="Style" style="text-indent: -17.75pt; margin-left: 66.95pt; margin-right: 1.0pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												payment in whole or in part for \r\n												the debt for which the charge \r\n												was created, or </span></p>\r\n												<p class="Style" style="text-indent: 48.0pt; margin-left: 1.4pt; margin-right: .5pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												the release of the whole or part \r\n												of the property charged, enter a \r\n												memorandum of release of debt in \r\n												the Register and furnish the \r\n												borrower with a copy of the \r\n												memorandum. </span></p>\r\n												<p class="Style" style="text-indent: 32.6pt; margin-left: 1.4pt; margin-right: 1.0pt">\r\n												<span style="font-family: Arial">\r\n												(2) The memorandum shall specify \r\n												whether the charge is released \r\n												in whole or in part. </span></p>\r\n												<p class="Style" style="margin-left: 1.2pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Expiry </span></b>\r\n												<span style="font-family: Arial">\r\n												of time <b>for registration </b>\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 1.4pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												28. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) The Registrar may accept for \r\n												registration particulars of a \r\n												charge submitted later than the \r\n												time specified in section 25 on \r\n												satisfaction that </span></p>\r\n												<p class="Style" style="margin-left: 1.4pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">&nbsp;<i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) </i>the \r\n												failure to register particulars \r\n												of the charge within the \r\n												specified time shall not \r\n												prejudice the position of \r\n												creditors or shareholders of the \r\n												borrower, or </span></p>\r\n												</div><div class="Section38">\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 65.5pt; margin-right: 3.65pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												it is just and equitable to \r\n												allow the registration on terms \r\n												that the Registrar considers \r\n												just and expedient to extend the \r\n												time for registration. </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 33.35pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												(2) The extension of time for \r\n												registration of charge </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 65.5pt; margin-right: 3.65pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												shall not, unless otherwise \r\n												decided by a court adversely \r\n												affect the right of a person \r\n												who, prior to the date of actual \r\n												registration of particulars of \r\n												the charge, may have acquired \r\n												proprietary rights in, or a \r\n												fIxed or floating charge on, the \r\n												property subject to the charge, \r\n												and </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 65.5pt; margin-right: 3.65pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												is of no effect against a \r\n												liquidator, offIcial trustee, \r\n												and creditors of the borrower, \r\n												if insolvency or winding-up \r\n												proceedings that affect the \r\n												borrower commences before the \r\n												date of actual registration of \r\n												the charge. </span></p>\r\n												<p class="Style" style="margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Appointment of receiver or \r\n												manager </span></b></p>\r\n												<p class="Style" style="text-indent: -36.2pt; margin-left: 48.2pt; margin-right: 81.15pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												29. </span></b>\r\n												<span style="font-family: Arial">\r\n												A lender in whose favour a \r\n												charge is created may <i>(a) </i>\r\n												appoint a receiver or manager, \r\n												or </span></p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 66.45pt; margin-right: .5pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												apply to court for the \r\n												appointment of a receiver or \r\n												manager to </span></p>\r\n												<p class="Style" style="margin-left: 84.0pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												(i) take possession of and \r\n												protect the property, </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -20.85pt; margin-left: 104.85pt; margin-right: 1.7pt">\r\n												<span style="font-family: Arial">\r\n												(ii) receive the rents and \r\n												profIts and discharge the \r\n												outgoings of the property, or\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 84.0pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												(ii) realise the security on \r\n												behalf of the lender. </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -12.45pt; margin-left: 12.7pt; margin-right: 97.0pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Registration of appointment or \r\n												removal of receiver 30. </span>\r\n												</b>\r\n												<span style="font-family: Arial">\r\n												(1) A person who </span></p>\r\n												<p class="Style" style="margin-left: 48.45pt; margin-right: .05pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												appoints a receiver or manager,\r\n												</span></p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 66.45pt; margin-right: .5pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												obtains an order for the \r\n												appointment of a receiver or \r\n												manager, or </span></p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 66.45pt; margin-right: .5pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(c) </span></i>\r\n												<span style="font-family: Arial">\r\n												enters into possession of the \r\n												property under the powers \r\n												contained in a charge, </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: .95pt; margin-right: .25pt">\r\n												<span style="font-family: Arial">\r\n												shall, within ten days after the \r\n												date of the appointment, order \r\n												or entry into possession give \r\n												notice of the fact to the \r\n												Registrar. </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 33.6pt; margin-left: .2pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												(2) The Registrar shall enter \r\n												the notice of appointment of \r\n												receiver or manager in the \r\n												register of the particulars of \r\n												charges relating to the \r\n												borrower. </span></p>\r\n												<p class="Style" style="margin-left: 33.35pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												(3) Where a </span></p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 66.45pt; margin-right: .5pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												person appointed receiver of the \r\n												property of the lender ceases to \r\n												act as receiver or manager, or\r\n												</span></p>\r\n												</div><div class="Section41">\r\n												<p class="Style" style="margin-left: 48.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												person who has entered into \r\n												possession goes out of \r\n												possession </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; margin-left: .45pt">\r\n												<span style="font-family: Arial">\r\n												the lender shall, within ten \r\n												days of the occurrence'' of the \r\n												events in paragraph <i>(a) </i>\r\n												or <i>(b), </i>give notice to \r\n												that effect in the prescribed \r\n												form to the Registrar who shall \r\n												enter the notice in the register \r\n												of particulars of charges.\r\n												</span></p>\r\n												<p class="Style" style="text-indent: 32.6pt; margin-left: .45pt; margin-right: 1.65pt">\r\n												<span style="font-family: Arial">\r\n												(4) A person who fails to give \r\n												notice under this section \r\n												commits an offence and is liable \r\n												on summary conviction to </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -17.25pt; margin-left: 66.0pt; margin-right: .95pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												in the case of an entity, a fine \r\n												of not more than one thousand \r\n												penalty units, or </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.5pt; margin-left: 66.0pt; margin-right: .95pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												in the case of an individual, \r\n												two hundred and fifty penalty \r\n												units or to a term of \r\n												imprisonment of not less than \r\n												two years or to both. </span>\r\n												</p>\r\n												<p class="Style"><b>\r\n												<span style="font-family: Arial">\r\n												Notices to be published in \r\n												Gazette </span></b></p>\r\n												<p class="Style" style="text-indent: 11.75pt; margin-left: .7pt; margin-right: 1.9pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												31. </span></b>\r\n												<span style="font-family: Arial">\r\n												The Registrar shall cause a copy \r\n												of the notice given under \r\n												section 30 to be published in \r\n												the <i>Gazette. </i></span></p>\r\n												<p class="Style" style="text-indent: 11.75pt; margin-left: .7pt; margin-right: 1.9pt">\r\n												<i>\r\n												<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n												Enforcement of borrower''s \r\n												obligations </span></i></p>\r\n												<p class="Style" style="text-indent: 11.75pt; margin-left: .7pt; margin-right: 1.9pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Default in payment </span></b>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; text-indent: 12.0pt; margin-left: .45pt; margin-right: 1.2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												32. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) Where a borrower fails to \r\n												make payment on the due date for \r\n												a payment, the lender shall give \r\n												notice of default to the \r\n												borrower in writing and request \r\n												the borrower to pay the amount \r\n												due within thirty days. </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -14.85pt; margin-left: 48.45pt; margin-right: 138.95pt">\r\n												<span style="font-family: Arial">\r\n												(2) The lender may send the \r\n												notice by <i>(a) </i>hand,\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 48.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												courier service, </span></p>\r\n												<p class="Style" style="margin-left: 48.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(c) </span></i>\r\n												<span style="font-family: Arial">\r\n												registered mail, or </span></p>\r\n												<p class="Style" style="text-indent: -17.25pt; margin-left: 66.0pt; margin-right: .95pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(d) </span></i>\r\n												<span style="font-family: Arial">\r\n												other means determined by the \r\n												lender in consultation with the \r\n												borrower. </span></p>\r\n												<p class="Style" style="margin-left: 36.7pt">\r\n												<span style="font-family: Arial">\r\n												(3) Where the notice is \r\n												delivered </span></p>\r\n												<p class="Style" style="text-indent: -17.25pt; margin-left: 66.0pt; margin-right: .95pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												by hand, it shall take effect on \r\n												the date it is received by or on \r\n												behalf of the borrower; and\r\n												</span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.5pt; margin-left: 66.0pt; margin-right: .95pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												by courier service or registered \r\n												mail, it shall take effect on \r\n												the day it is officially \r\n												recorded as delivered by return \r\n												receipt </span></p>\r\n												<p class="Style">\r\n												<span style="font-family: Arial">\r\n												&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; or its \r\n												equivalent. \r\n												&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n												. </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 32.85pt; margin-left: .95pt; margin-right: 1.2pt">\r\n												<span style="font-family: Arial">\r\n												(3) If a borrower fails to payor \r\n												make satisfactory arrangements \r\n												to pay the amount outstanding to \r\n												the lender within thirty days \r\n												after the date of receipt of the \r\n												notice, the lender may enforce \r\n												the rights provided for under \r\n												this Act. </span></p>\r\n												</div><div class="Section44">\r\n												<p class="Style" style="margin-left: .95pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Remedies of lender on default\r\n												</span></b></p>\r\n												<p class="Style" style="text-indent: 11.75pt; margin-left: .7pt; margin-right: 3.8pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												33. </span></b>\r\n												<span style="font-family: Arial">\r\n												Where a borrower fails to pay an \r\n												amount secured by a charge under \r\n												this Act, the lender may </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 65.0pt; margin-right: 3.35pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												sue the borrower on any covenant \r\n												to perform under the credit \r\n												agreement, or </span></p>\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 65.0pt; margin-right: 3.35pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												realise the security in the \r\n												property charged on notice to \r\n												the person in possession of the \r\n												property. </span></p>\r\n												<p class="Style" style="margin-left: .2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Lender''s right to possession\r\n												</span></b></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 11.75pt; margin-left: .7pt; margin-right: 1.65pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												34. (1) In </span></b>\r\n												<span style="font-family: Arial">\r\n												the exercise ofright of \r\n												possession of property that is \r\n												subject to a charge to secure a \r\n												borrower''s obligations under a \r\n												credit agreement, a lender is \r\n												not obliged to initiate \r\n												proceedings in court to enforce \r\n												the right of possession. </span>\r\n												</p>\r\n												<p class="Style">\r\n												<span style="font-family: Arial">\r\n												&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Where a \r\n												lender is unable to enforce a \r\n												right of possession in </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; margin-left: .45pt; margin-right: 1.2pt">\r\n												<span style="font-family: Arial">\r\n												a peaceable manner, the lender \r\n												may use the services of the \r\n												police to evict the borrower or \r\n												other person in possession \r\n												pursuant to a warrant issued by \r\n												a court. </span></p>\r\n												<p class="Style" style="margin-left: 33.1pt">\r\n												<span style="font-family: Arial">\r\n												(3) A person who </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.75pt; margin-left: 66.0pt; margin-right: 1.9pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												fails without reasonable excuse, \r\n												to vacate premises being \r\n												foreclosed by a lender under \r\n												subsection (1) when duly \r\n												requested to do so, or </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 48.2pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												obstructs a lender in the lawful \r\n												exercise of power conferred\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 66.0pt">\r\n												<span style="font-family: Arial">\r\n												on the lender by this section,\r\n												</span></p>\r\n												<p class="Style" style="text-align: justify; margin-left: .45pt; margin-right: 1.2pt">\r\n												<span style="font-family: Arial">\r\n												commits an offence and is liable \r\n												on summary conviction to a fine \r\n												of not more than five hundred \r\n												penalty units or to a term of \r\n												imprisonment of not more than \r\n												six months or to both; and in \r\n												the case of a continuing \r\n												offence, to a further fine not \r\n												exceeding fifty penalty units in \r\n												respect of any day on which the \r\n												offence continues. </span></p>\r\n												<p class="Style" style="margin-left: .2pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Mortgages </span></b></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 11.75pt; margin-left: .7pt; margin-right: 1.65pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												35. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) The Mortgages Act, 1972 \r\n												(NRCD 96) does not apply to the \r\n												rights of a lender under this \r\n												Act in the event of default on \r\n												the part of a borrower. </span>\r\n												</p>\r\n												<p class="Style" style="text-align: justify; text-indent: .45in; margin-left: 1.9pt">\r\n												<span style="font-family: Arial">\r\n												(2) Where there is a conflict \r\n												between the provisions of this \r\n												Act and the provisions of the \r\n												Mortgages Act or other laws or \r\n												rules applicable to the \r\n												enforcement of a lender''s \r\n												rights, the provisions of this \r\n												Act shall prevail. </span></p></div><div class="Section47">\r\n												<p class="Style" style="margin-left: .25pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Annual report </span></b></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 12.0pt; margin-left: .25pt; margin-right: .75pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												36. </span></b>\r\n												<span style="font-family: Arial">\r\n												(1) The Bank shall, within six \r\n												months after the expiration of \r\n												each financial year, submit to \r\n												the Minister an annual report on \r\n												the adminis­tration of this Act.\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 33.1pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												(2) The annual report shall \r\n												include </span></p>\r\n												<p class="Style" style="text-align: justify; margin-left: 48.25pt; margin-right: 45.65pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												a record of violations and \r\n												remedial actions taken, <i>(b)\r\n												</i>volumes of different types \r\n												of credit products, and </span>\r\n												</p>\r\n												<p class="Style" style="text-indent: -.25in; margin-left: 66.25pt; margin-right: .75pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(c) </span></i>\r\n												<span style="font-family: Arial">\r\n												proposals for ongoing \r\n												improvement for the effective \r\n												administration of this Act.\r\n												</span></p>\r\n												<p class="Style" style="margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Regulations </span></b></p>\r\n												<p class="Style" style="text-align: justify; text-indent: 12.0pt; margin-right: .75pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												37. </span></b>\r\n												<span style="font-family: Arial">\r\n												The Minister may, in \r\n												consultation with the Bank, by \r\n												Legislative Instrument make \r\n												Regulations for the effective \r\n												implementation of this Act.\r\n												</span></p>\r\n												<p class="Style" style="margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												Interpretation </span></b></p>\r\n												<p class="Style" style="margin-left: 12.0pt; margin-right: .05pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												38. </span></b>\r\n												<span style="font-family: Arial">\r\n												In this Act, unless the context \r\n												otherwise requires </span></p>\r\n												<p class="Style" style="margin-left: 48.7pt; margin-right: .75pt">\r\n												<span style="font-family: Arial">\r\n												&quot;Bank&quot; means the Bank of Ghana \r\n												continued in existence in \r\n												section 1 of the Bank of Ghana \r\n												Act, 2002 (Act 612); &quot;borrower&quot; \r\n												means a person who has concluded \r\n												a credit agreement with a \r\n												lender; </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.5pt; margin-left: 66.2pt; margin-right: .25pt">\r\n												<span style="font-family: Arial">\r\n												&quot;charge&quot; means charge, mortgage, \r\n												security, interest, lien, \r\n												pledge, assignment by way of \r\n												security, covenant, restriction, \r\n												reservation, lease, trust, \r\n												order, decree, judgment, title \r\n												defect (including retention of \r\n												title claim), or any other \r\n												encumbrance of any nature other \r\n												than liens arising by operation \r\n												of law; </span></p>\r\n												<p class="Style" style="margin-left: 48.7pt; margin-right: .75pt">\r\n												<span style="font-family: Arial">\r\n												&quot;chargor&quot; means a lender in \r\n												whose favour a charge is \r\n												created; &quot;lender&quot; means a person \r\n												who, as part of business, \r\n												advances loans and other credit \r\n												facilities including micro \r\n												credit facilities; </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -17.5pt; margin-left: 66.2pt; margin-right: .25pt">\r\n												<span style="font-family: Arial">\r\n												&quot;person&quot; includes an individual, \r\n												a company, a partnership, an \r\n												association, and any other group \r\n												of persons acting in concert, \r\n												whether incorporated or not;\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 48.7pt; margin-right: .75pt">\r\n												<span style="font-family: Arial">\r\n												&quot;premises&quot; includes any \r\n												building, structure, land or \r\n												other place; &quot;prescribed&quot; means \r\n												prescribed by Regulations, \r\n												Rules, Notices, or directives \r\n												made or issued under this Act;\r\n												</span></p></div><div class="Section50">\r\n												<p class="Style" style="text-indent: -17.5pt; margin-left: 65.95pt; margin-right: 4.35pt">\r\n												<span style="font-family: Arial">\r\n												&quot;property&quot; includes movable and \r\n												immovable property and choses in \r\n												action; </span></p>\r\n												<p class="Style" style="margin-left: 50.35pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												&quot;receiver&quot; means a person \r\n												appointed as receiver in \r\n												accordance </span></p>\r\n												<p class="Style" style="margin-left: 66.45pt; margin-right: 3.15pt">\r\n												<span style="font-family: Arial">\r\n												with the provisions of this Act, \r\n												including a receiver and manager \r\n												or similar officer; </span></p>\r\n												<p class="Style" style="margin-left: 50.35pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												&quot;Registrar&quot; means the Registrar \r\n												of Collateral appointed under\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 69.05pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												section 24 of this Act; </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 50.35pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												&quot;significant shareholding&quot; means \r\n												a dir~ct or indirect holding\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 69.05pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												in a non-bank financial \r\n												institution </span></p>\r\n												<p class="Style" style="margin-left: 50.35pt; margin-right: .05pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(a) </span></i>\r\n												<span style="font-family: Arial">\r\n												which represents ten per cent or \r\n												more of the capital or of </span>\r\n												</p>\r\n												<p class="Style" style="margin-left: 69.05pt; margin-right: .05pt">\r\n												<span style="font-family: Arial">\r\n												the voting right, or </span></p>\r\n												<p class="Style" style="text-align: justify; text-indent: -.25in; margin-left: 69.8pt; margin-right: .05pt">\r\n												<i>\r\n												<span style="font-family: Arial">\r\n												(b) </span></i>\r\n												<span style="font-family: Arial">\r\n												which makes it possible to \r\n												exercise a significant influence \r\n												over the management of the \r\n												institution in which a holding\r\n												subsists. \r\n												</span></p>\r\n												</div><div class="Section53">\r\n												<p class="Style" style="margin-left: 141.05pt; margin-right: 1.25pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												SCHEDULE </span></b></p>\r\n												<p class="Style" style="text-indent: -63.1pt; margin-left: 94.5pt; margin-right: 1.25pt">\r\n												<b>\r\n												<span style="font-family: Arial">\r\n												PRE-AGREEMENT TRUTH IN LENDING \r\n												DISCLOSURE STATEMENT: SECTION 18 \r\n												(1) </span></b></p>\r\n												<p class="Style" style="margin-left: 40.0pt; margin-right: 1.25pt">\r\n												<span style="font-family: Arial">\r\n												(This is neither a Contract nor \r\n												a commitment to Lend) </span>\r\n												</div>\r\n												<span style="font-size: 12.0pt; font-family: Arial">\r\n												<br clear="all" style="page-break-before: auto">\r\n&nbsp;</span><div class="Section55">\r\n												<p class="Style" style="margin-left: 24.95pt; margin-right: 3.1pt">\r\n												<span style="font-family: Arial">\r\n												Lender''s Name: </span></p>\r\n												<p class="Style" style="margin-left: 24.95pt; margin-right: 3.1pt">\r\n												<span style="font-family: Arial">\r\n												Applicant:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												Prepared By: </span></p>\r\n												<p class="Style" style="margin-left: 24.95pt">\r\n												<span style="font-family: Arial">\r\n												Address: </span></p>\r\n												<p class="Style" style="margin-left: 24.95pt">\r\n												<span style="font-family: Arial">\r\n												Application No:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												Date Prepared: </span></p>\r\n												<span style="font-size: 12.0pt; font-family: Arial">\r\n												<br clear="all">\r\n&nbsp;</span><p class="Style"><span style="font-family: Arial">&nbsp;</span></p>\r\n												<p class="Style" style="margin-left: .25pt">\r\n												</div>\r\n												<span style="font-size: 12.0pt; font-family: Arial">\r\n												<br clear="all" style="page-break-before: auto">\r\n&nbsp;</span><div class="Section56">\r\n												<p class="Style">\r\n												<span style="font-family: Arial">\r\n												&nbsp;</span></div>\r\n												<span style="font-size: 12.0pt; font-family: Arial">\r\n												<br clear="all" style="page-break-before: auto">\r\n&nbsp;</span><div class="Section57">\r\n												<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: .25pt" id="table1" width="592">\r\n													<tr style="height: 17.25pt">\r\n														<td width="30" style="width: 22.3pt; height: 17.25pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: 1.0pt solid windowtext; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="87" style="width: 65.5pt; height: 17.25pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 25.65pt">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">ANNUAL\r\n														</font> </span></b>\r\n														</td>\r\n														<td width="120" colspan="3" style="width: 90.25pt; height: 17.25pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 2.4pt">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">FINANCE \r\n														</font> </span></b></td>\r\n														<td width="92" colspan="2" style="width: 69.15pt; height: 17.25pt; border-left: medium none; border-right: medium none; border-top: 1.0pt solid windowtext; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 20.85pt">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">AMOUNT</font></span></b></td>\r\n														<td style="width: 47px; height: 17.25pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td colspan="3" style="width: 173px; height: 17.25pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: .2pt">\r\n														<span style="font-family: Arial; font-weight:700">\r\n														<font size="3">TOTAL OF \r\n														</font> </span></td>\r\n													</tr>\r\n													<tr style="height: 12.2pt">\r\n														<td width="117" colspan="2" style="width: 87.8pt; height: 12.2pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 3.1pt">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">PERCENTAGE \r\n														</font> </span></b>\r\n														</td>\r\n														<td width="120" colspan="3" style="width: 90.25pt; height: 12.2pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 2.4pt">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">CHARGE \r\n														</font> </span></b></td>\r\n														<td width="92" colspan="2" style="width: 69.15pt; height: 12.2pt; border: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 20.85pt">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">FINANCED \r\n														</font> </span></b>\r\n														</td>\r\n														<td style="width: 47px; height: 12.2pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td colspan="3" style="width: 173px; height: 12.2pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: .2pt">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">PAYMENTS \r\n														</font> </span></b>\r\n														</td>\r\n													</tr>\r\n													<tr style="height: 13.65pt">\r\n														<td width="30" style="width: 22.3pt; height: 13.65pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="87" style="width: 65.5pt; height: 13.65pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 25.65pt">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">RATE \r\n														</font> </span></b></td>\r\n														<td width="28" style="width: 20.9pt; height: 13.65pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td width="36" style="width: 27.1pt; height: 13.65pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td width="56" style="width: 42.25pt; height: 13.65pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td width="41" style="width: 30.95pt; height: 13.65pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td width="51" style="width: 38.2pt; height: 13.65pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td style="width: 47px; height: 13.65pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td style="width: 35px; height: 13.65pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td width="42" style="width: 31.65pt; height: 13.65pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n														<td style="width: 91px; height: 13.65pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<b>\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></b></td>\r\n													</tr>\r\n													<tr style="height: 14.85pt">\r\n														<td width="117" colspan="2" style="width: 87.8pt; height: 14.85pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 3.1pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">The cost of your \r\n														</font> </span>\r\n														</td>\r\n														<td width="120" colspan="3" style="width: 90.25pt; height: 14.85pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 2.4pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">The amount the \r\n														</font> </span>\r\n														</td>\r\n														<td width="41" style="width: 30.95pt; height: 14.85pt; border: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 5.0pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">The \r\n														</font> </span></td>\r\n														<td width="51" style="width: 38.2pt; height: 14.85pt; border: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">amount \r\n														</font> </span></td>\r\n														<td style="width: 47px; height: 14.85pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">of </font> </span></td>\r\n														<td colspan="3" style="width: 173px; height: 14.85pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: .2pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">The amount you will\r\n														</font>\r\n														</span></td>\r\n													</tr>\r\n													<tr style="height: 12.0pt">\r\n														<td width="117" colspan="2" style="width: 87.8pt; height: 12.0pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 3.1pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">credit at a yearly\r\n														</font>\r\n														</span></td>\r\n														<td width="120" colspan="3" style="width: 90.25pt; height: 12.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 2.4pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">credit will cost you\r\n														</font>\r\n														</span></td>\r\n														<td colspan="3" style="width: 159px; height: 12.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">credit provided to\r\n														</font>\r\n														</span></td>\r\n														<td style="width: 35px; height: 12.0pt; border: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-left: 1.2pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">have \r\n														</font> </span></td>\r\n														<td width="42" style="width: 31.65pt; height: 12.0pt; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: .95pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">paid \r\n														</font> </span></td>\r\n														<td style="width: 91px; height: 12.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 1.4pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">after \r\n														</font> </span></td>\r\n													</tr>\r\n													<tr style="height: 12.2pt">\r\n														<td width="30" style="width: 22.3pt; height: 12.2pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="right" style="text-align: right; margin-right: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">Rate \r\n														</font> </span></td>\r\n														<td width="87" style="width: 65.5pt; height: 12.2pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="120" colspan="3" style="width: 90.25pt; height: 12.2pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: 2.4pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">(specify currency \r\n														</font> </span>\r\n														</td>\r\n														<td colspan="3" style="width: 159px; height: 12.2pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">you or on your \r\n														</font> </span>\r\n														</td>\r\n														<td colspan="3" style="width: 173px; height: 12.2pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-right: .2pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">making all payments\r\n														</font>\r\n														</span></td>\r\n													</tr>\r\n													<tr style="height: 12.0pt">\r\n														<td width="30" style="width: 22.3pt; height: 12.0pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="87" style="width: 65.5pt; height: 12.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="120" colspan="3" style="width: 90.25pt; height: 12.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 5.5pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">and amount) \r\n														</font> </span></td>\r\n														<td width="41" style="width: 30.95pt; height: 12.0pt; border: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 5.0pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">behalf \r\n														</font> </span></td>\r\n														<td width="51" style="width: 38.2pt; height: 12.0pt; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 47px; height: 12.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td colspan="2" style="width: 77px; height: 12.0pt; border: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 6.95pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">as scheduled \r\n														</font> </span>\r\n														</td>\r\n														<td style="width: 91px; height: 12.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n													</tr>\r\n													<tr style="height: 10.55pt">\r\n														<td width="30" style="width: 22.3pt; height: 10.55pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 4.55pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">% </font> </span></td>\r\n														<td width="87" style="width: 65.5pt; height: 10.55pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="28" style="width: 20.9pt; height: 10.55pt; border: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="36" style="width: 27.1pt; height: 10.55pt; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="56" style="width: 42.25pt; height: 10.55pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="41" style="width: 30.95pt; height: 10.55pt; border: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="51" style="width: 38.2pt; height: 10.55pt; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 47px; height: 10.55pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 35px; height: 10.55pt; border: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="42" style="width: 31.65pt; height: 10.55pt; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 91px; height: 10.55pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n													</tr>\r\n													<tr style="height: 14.6pt">\r\n														<td width="30" style="width: 22.3pt; height: 14.6pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="87" style="width: 65.5pt; height: 14.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="120" colspan="3" style="width: 90.25pt; height: 14.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" style="margin-left: 5.5pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">US$/GH¢ \r\n														</font> </span></td>\r\n														<td width="92" colspan="2" style="width: 69.15pt; height: 14.6pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" style="margin-left: 5.75pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">US$/GH¢ \r\n														</font> </span></td>\r\n														<td style="width: 47px; height: 14.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td colspan="2" style="width: 77px; height: 14.6pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" style="margin-left: 6.95pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">US$/GH¢ \r\n														</font> </span></td>\r\n														<td style="width: 91px; height: 14.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n													</tr>\r\n													<tr style="height: 32.6pt">\r\n														<td width="330" colspan="7" style="width: 247.2pt; height: 32.6pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" style="margin-left: 11.25pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">REQUIRED DEPOSIT \r\n														PAYMENTS: </font> </span></td>\r\n														<td style="width: 48px; height: 32.6pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 35px; height: 32.6pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="42" style="width: 31.65pt; height: 32.6pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 91px; height: 32.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n													</tr>\r\n													<tr style="height: 24.45pt">\r\n														<td width="237" colspan="5" style="width: 178.05pt; height: 24.45pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" style="margin-left: 11.0pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">Your payment schedule \r\n														will be: </font> </span></td>\r\n														<td width="41" style="width: 30.95pt; height: 24.45pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="51" style="width: 38.2pt; height: 24.45pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 48px; height: 24.45pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 35px; height: 24.45pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="42" style="width: 31.65pt; height: 24.45pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 91px; height: 24.45pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n													</tr>\r\n													<tr style="height: 23.5pt">\r\n														<td width="145" colspan="3" style="width: 108.7pt; height: 23.5pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="right" style="text-align: right; margin-right: 3.35pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">Number of Payments\r\n														</font>\r\n														</span></td>\r\n														<td width="185" colspan="4" style="width: 138.5pt; height: 23.5pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="right" style="text-align: right; margin-right: 11.5pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">Amount of Payments\r\n														</font>\r\n														</span></td>\r\n														<td colspan="4" style="width: 220px; height: 23.5pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" style="margin-left: 2.6pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">When Payments Due \r\n														</font> </span>\r\n														</td>\r\n													</tr>\r\n													<tr style="height: 34.55pt">\r\n														<td width="30" style="width: 22.3pt; height: 34.55pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="right" style="text-align: right; margin-right: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">D </font> </span></td>\r\n														<td width="411" colspan="9" style="width: 308.15pt; height: 34.55pt; border: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 12.95pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">DEMAND FEATURE: This \r\n														obligation has a demand \r\n														feature </font> </span></td>\r\n														<td style="width: 91px; height: 34.55pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n													</tr>\r\n													<tr style="height: 20.6pt">\r\n														<td width="30" style="width: 22.3pt; height: 20.6pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="right" style="text-align: right; margin-right: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">D </font> </span></td>\r\n														<td colspan="10" style="width: 556px; height: 20.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-left: .2pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">VARIABLE RATE FEATURE: \r\n														This loan contains a \r\n														variable rate feature.\r\n														</font>\r\n														</span></td>\r\n													</tr>\r\n													<tr style="height: 19.2pt">\r\n														<td width="30" style="width: 22.3pt; height: 19.2pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td colspan="7" style="width: 385px; height: 19.2pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="right" style="text-align: right; margin-right: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">A variable rate \r\n														disclosure has been \r\n														provided earlier. </font> </span>\r\n														</td>\r\n														<td style="width: 35px; height: 19.2pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="42" style="width: 31.65pt; height: 19.2pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 91px; height: 19.2pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n													</tr>\r\n													<tr style="height: .25in">\r\n														<td width="441" colspan="10" style="width: 330.45pt; height: .25in; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 11.75pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">INSURANCE: The following \r\n														insurance is required to \r\n														obtain credit: </font> </span>\r\n														</td>\r\n														<td style="width: 91px; height: .25in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n													</tr>\r\n													<tr style="height: 14.6pt">\r\n														<td width="30" style="width: 22.3pt; height: 14.6pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" align="right" style="text-align: right; margin-right: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">D </font> </span></td>\r\n														<td width="151" colspan="3" style="width: 113.5pt; height: 14.6pt; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center; margin-left: .2pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">Credit life insurance\r\n														</font>\r\n														</span></td>\r\n														<td width="149" colspan="3" style="width: 111.4pt; height: 14.6pt; padding: 0in">\r\n														<p class="Style" style="margin-left: .1in">\r\n														<span style="font-family: Arial">\r\n														<font size="3">D Credit disability\r\n														</font>\r\n														</span></td>\r\n														<td colspan="4" style="width: 220px; height: 14.6pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: medium none; padding: 0in">\r\n														<p class="Style" style="margin-left: 2.6pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">D Property insurance\r\n														</font>\r\n														</span></td>\r\n													</tr>\r\n													<tr style="height: 16.8pt">\r\n														<td width="30" style="width: 22.3pt; height: 16.8pt; border-left: 1.0pt solid windowtext; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="right" style="text-align: right; margin-right: .7pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">D </font> </span></td>\r\n														<td width="208" colspan="4" style="width: 155.75pt; height: 16.8pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" style="margin-left: 13.2pt">\r\n														<span style="font-family: Arial">\r\n														<font size="3">Flood insurance \r\n														</font> </span>\r\n														</td>\r\n														<td width="41" style="width: 30.95pt; height: 16.8pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="51" style="width: 38.2pt; height: 16.8pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 48px; height: 16.8pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 35px; height: 16.8pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td width="42" style="width: 31.65pt; height: 16.8pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n														<td style="width: 91px; height: 16.8pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">\r\n														<p class="Style" align="center" style="text-align: center">\r\n														<span style="font-family: Arial">\r\n														<font size="3">&nbsp;</font></span></td>\r\n													</tr>\r\n												</table>\r\n												<p class="Style" style="margin-left: 175.65pt; margin-right: 175.5pt">\r\n												</div>\r\n												<span style="font-size: 12.0pt; font-family: Arial">\r\n												<br clear="all" style="page-break-before: always">\r\n&nbsp;</span><table border="1" width="100%" id="table2">\r\n												<tr>\r\n													<td>\r\n												<span style="font-family: Arial">\r\n												You may obtain the insurance \r\n												from anyone you want that is \r\n												acceptable to creditor. \r\n												If you purchase property flood \r\n												insurance from creditor you will \r\n												pay US$/GH¢ for a one year term. </span>\r\n													</td>\r\n												</tr>\r\n												<tr>\r\n													<td>&nbsp;<p>\r\n													<span style="font-family: Arial">\r\n													SECURITY: You are giving a \r\n													security interest in:</span></p>\r\n													<p>\r\n														<span style="font-family: Arial">\r\n														<font size="3">D&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n														D</font></span></p>\r\n													<p>\r\n												<span style="font-family: Arial">\r\n													The goods or property being \r\n													purchased&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n												Real property you already own\r\n													</span></p>\r\n													<p>\r\n													<span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n													<font size="3">D</font></span></td>\r\n												</tr>\r\n												<tr>\r\n													<td>&nbsp;<p class="Style" style="margin-left: 12.25pt; margin-right: 29.05pt">\r\n												<span style="font-family: Arial">\r\n												FILING FEES: US$/GH¢</span></p>\r\n													<p class="Style" style="margin-left: 12.25pt; margin-right: 29.05pt">\r\n												<span style="font-family: Arial">\r\n												&nbsp;<font size="3">D</font></span></p>\r\n													<p class="Style" style="margin-left: 12.25pt; margin-right: 29.05pt">\r\n												<span style="font-family: Arial">\r\n												LATE CHARGE: Ifa payment is more \r\n												than [ ] days late, you will be \r\n												charged % </span></p>\r\n													<p class="Style" style="margin-left: 12.25pt; margin-right: 29.05pt">\r\n												<span style="font-family: Arial">\r\n												PREPAYMENT: If you pay off \r\n												early, you </span></p>\r\n												<p class="Style" style="margin-left: 13.2pt; margin-right: 92.65pt">\r\n												<span style="font-family: Arial">\r\n												will/will not have to pay a \r\n												penalty of [ ] </span></p>\r\n												<p class="Style" style="margin-left: 13.2pt; margin-right: 69.15pt">\r\n												<span style="font-family: Arial">\r\n												o \r\n												may/may not be entitled to a \r\n												refund of part of the finance \r\n												charge. </span>\r\n													</p>\r\n													</td>\r\n												</tr>\r\n												<tr>\r\n													<td>&nbsp;</td>\r\n												</tr>\r\n												</table>\r\n												<div class="Section63">\r\n												<p class="Style">\r\n												<span style="font-family: Arial">\r\n												&nbsp;</span></div>\r\n												<span style="font-size: 12.0pt; font-family: Arial">\r\n												<br clear="all" style="page-break-before: auto">\r\n&nbsp;</span><div class="Section64">\r\n												<p class="Style" style="margin-left: 101.75pt; margin-right: 55.45pt">\r\n												<span style="font-family: Arial">\r\n												Date of <i>Gazette </i>\r\n												notfication: 9th January, 2009.\r\n												</span></p>\r\n												<p class="Style" style="margin-left: 48.25pt">\r\n												<span style="font-family: Arial">\r\n												C;OVERNMENT PRINTER. ASSEMBlY \r\n												PRESS. ACCRA. <i>\r\n												GPCI/A729/]]!200R </i></span>\r\n												</div>\r\n												<span style="font-size: 12.0pt; font-family: Arial">\r\n												<br clear="all" style="page-break-before: always">\r\n&nbsp;</span><div class="Section138">\r\n												<p class="Style">\r\n												<span style="font-family: Arial">\r\n												&nbsp;</span></div>\r\n												<span style="font-size: 12.0pt; font-family: Arial">\r\n												<br clear="all" style="page-break-before: auto">\r\n&nbsp;</span></td>\r\n                </tr>\r\n              </tbody>\r\n            </table>\r\n        ', 'Fourth', 'Yes', 'ACT 773');
INSERT INTO `actsofghana` (`id`, `title`, `content`, `republic`, `isshow`, `actname`) VALUES
(142, 'BUI POWER AUTHORITY ACT, 2007 (Act 740 )', '<table>\r\n<tr>\r\n							<td vAlign="top" align="left" width="1353" height="1">\r\n							<a href="../table%20of%20cases%204th%20Republic.htm">\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-autospace: none"><b><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; THE SEVEN HUNDRED AND FORTIETH &nbsp;ACT </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none"> <b><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OF THE PARLIAMENT OF THE REPUBLIC OF GHANA </span> </b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 151.65pt"> <span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ENTITLED </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 71.25pt"> <b><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BUI POWER AUTHORITY ACT, 2007 (</span><span style="font-family: Arial">Act 740 )</span></b></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 84.95pt; margin-right: .2pt">&nbsp;                            </p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 84.95pt; margin-right: .2pt">&nbsp;</p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 84.95pt; margin-right: .2pt"><span style="font-family: Arial">ARRANGEMENT OF \r\n                                SECTIONS </span></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-right: .25pt">\r\n                            <i><span style="font-family: Arial">Section </span>\r\n                            </i></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 124.05pt">\r\n                            <i><span style="font-family: Arial">The Bui Power \r\n                            Authority </span></i></p>\r\n                            <p class="MsoNormal" style="text-indent: -16.55pt; line-height: 150%; text-autospace: none; margin-left: 22.8pt">\r\n                            1)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">\r\n                            Establishment of the Authority </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.75pt; line-height: 150%; text-autospace: none; margin-left: 23.25pt">\r\n                            2)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Governing \r\n                            body of the Authority </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.75pt; line-height: 150%; text-autospace: none; margin-left: 23.25pt">\r\n                            3)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Tenure of \r\n                            office of members </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.75pt; line-height: 150%; text-autospace: none; margin-left: 23.25pt">\r\n                            4)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Meetings of \r\n                            the Board </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.75pt; line-height: 150%; text-autospace: none; margin-left: 23.25pt">\r\n                            5)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Disclosure \r\n                            of interest </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.75pt; line-height: 150%; text-autospace: none; margin-left: 23.25pt">\r\n                            6)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">\r\n                            Establishment of Committees </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.75pt; line-height: 150%; text-autospace: none; margin-left: 23.25pt">\r\n                            7)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Allowances\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.75pt; line-height: 150%; text-autospace: none; margin-left: 23.25pt">\r\n                            8)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Policy \r\n                            directives </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.75pt; line-height: 150%; text-autospace: none; margin-left: 23.25pt">\r\n                            9)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Chief \r\n                            executive </span></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: .45pt">\r\n                            <span style="font-family: Arial">10. Employees of \r\n                            the Authority </span></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 120.0pt">\r\n                            <i><span style="font-family: Arial">Functions of the \r\n                            Authority </span></i></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.0pt">\r\n                            11)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Objects and \r\n                            functions of the Authority </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            12)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Flow of \r\n                            water and flooding </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            13)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Powers in \r\n                            relation to transmission system </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            14)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Health \r\n                            safeguards </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            15)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Research and \r\n                            records </span></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: .45pt">\r\n                            <span style="font-family: Arial">16. Co-operation \r\n                            with other public authorities </span></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 163.9pt">\r\n                            <i><span style="font-family: Arial">Finance </span>\r\n                            </i></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.0pt">\r\n                            17)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Authority to \r\n                            operate on commercial lines </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            18)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Borrowing \r\n                            powers </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            19)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Funds of \r\n                            the'' Authority </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 0cm; line-height: 150%; text-autospace: none; margin-left: 0cm; margin-right: 94.05pt">\r\n                            20)<span style="font-family: Arial">Re-imbursement \r\n                            to the Authority </span></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-right: 94.05pt">\r\n                            <span style="font-family: Arial">21. Accounts and \r\n                            audit </span></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 76.55pt">\r\n                            <i><span style="font-family: Arial">Acquisition of \r\n                            land and resettlement measures </span></i></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.0pt">\r\n                            22)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Filling of \r\n                            the lake and acquisition of land </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            23)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Compensation\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            24)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Resettlement \r\n                            measures </span></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: .45pt">\r\n                            <span style="font-family: Arial">25. Defraying \r\n                            expenses incurred </span></p>\r\n                            <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 150.95pt">\r\n                            <i><span style="font-family: Arial">Miscellaneous\r\n                            </span></i></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 24.2pt">\r\n                            26)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Annual and \r\n                            other reports </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            27)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Regulations\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            28)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Protection \r\n                            of officers </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            29)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Financial \r\n                            agreements </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            30)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">\r\n                            Interpretation </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -23.25pt; line-height: 150%; text-autospace: none; margin-left: 24.45pt">\r\n                            31)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span><span style="font-family: Arial">Amendment to \r\n                            Act 46 </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 2.85pt">\r\n                            <b><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span></b><b><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -24.0pt; text-autospace: none; margin-left: 25.2pt">\r\n                            <span style="font-family: Arial">AN ACT to provide \r\n                            for the establishment of an Authority charged with \r\n                            the development of a hydroelectric power project on \r\n                            the Black Volta River at Bui and any other potential \r\n                            hydroelectric power sites on the Black Volta River \r\n                            and for related matters </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 89.75pt">\r\n                            <span style="font-family: Arial">. DATE OF ASSENT:\r\n                            <i>31st July, 2007. </i></span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .95pt">\r\n                            <span style="font-family: Arial">ENACTED by the \r\n                            President and Parliament: </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 125.5pt; text-autospace: none; margin-left: .45pt; margin-right: 123.6pt">\r\n                            <i><span style="font-family: Arial">The Bui Power \r\n                            Authority </span></i><b>\r\n                            <span style="font-family: Arial">Establishment of \r\n                            the Authority </span></b></p>\r\n                            <p class="MsoNormal" style="text-indent: 12.95pt; text-autospace: none; margin-left: .45pt; margin-right: .7pt">\r\n                            <span style="font-family: Arial">1. (1) There is by \r\n                            this Act established an authority to be known as the \r\n                            Bui Power Authority charged with the functions \r\n                            specified in this Act. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 26.85pt; text-autospace: none; margin-left: .2pt; margin-right: .95pt">\r\n                            <span style="font-family: Arial">(2) The Authority \r\n                            is a body corporate with perpetual succession and a \r\n                            common seal and may sue and be sued in its corporate \r\n                            name. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 26.85pt; text-autospace: none; margin-left: .2pt; margin-right: .95pt">\r\n                            <span style="font-family: Arial">(3) The Authority \r\n                            may acquire and dispose of movable and im­movable \r\n                            property and enter into a contract and any other \r\n                            transaction. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <b><span style="font-family: Arial">The governing \r\n                            body of the Authority </span></b></p>\r\n                            <p class="MsoNormal" style="text-indent: -34.55pt; text-autospace: none; margin-left: 46.05pt; margin-right: 1.4pt">\r\n                            <b><span style="font-family: Arial">2. </span></b>\r\n                            <span style="font-family: Arial">(1) The sovereign \r\n                            body of the Authority is a <i>Board consis6ng </i>of\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -34.55pt; text-autospace: none; margin-left: 46.05pt; margin-right: 1.4pt">\r\n                            <b><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span></b><i><span style="font-family: Arial">(a)\r\n                            </span></i><span style="font-family: Arial">the \r\n                            chairperson, </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 46.05pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">the chief executive \r\n                            officer appointed under section 9, and </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <span style="font-family: Arial">&nbsp;</span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 48.45pt">\r\n                            <i><span style="font-family: Arial">(c) </span></i>\r\n                            <span style="font-family: Arial">five other members,\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -24.0pt; text-autospace: none; margin-left: 107.5pt; margin-right: 2.6pt">\r\n                            <span style="font-family: Arial">(i) one of whom is \r\n                            a person who has experience in financial matters,\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -24.0pt; text-autospace: none; margin-left: 107.5pt; margin-right: 2.6pt">\r\n                            <span style="font-family: Arial">(ii) one of whom is \r\n                            an engineer conversant with the operations of a \r\n                            power utility, </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -24.2pt; text-autospace: none; margin-left: 107.75pt; margin-right: 2.4pt">\r\n                            <span style="font-family: Arial">(iii) one of whom \r\n                            is appointed to represent major con­sumers of the \r\n                            electrical power generated by virtue of the dam, and\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 83.75pt">\r\n                            <span style="font-family: Arial">(iv) one of whom is \r\n                            a woman. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt; margin-right: .05pt">\r\n                            <b><span style="font-family: Arial">Tenure of office \r\n                            of members </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 11.75pt; text-autospace: none; margin-left: .2pt; margin-right: 1.25pt">\r\n                            <b><span style="font-family: Arial">3. </span></b>\r\n                            <span style="font-family: Arial">(1) A member of the \r\n                            Board, other than the chief executive officer, shall \r\n                            hold office for a period not exceeding four years \r\n                            and is eligible for re-appointment, but a member \r\n                            shall not be appointed for more than two consecutive \r\n                            terms. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 26.85pt; text-autospace: none; margin-left: .2pt; margin-right: 1.7pt">\r\n                            <span style="font-family: Arial">(2) A member of the \r\n                            Board may at any time resign from office in writing \r\n                            addressed to the President through the Minister.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.85pt; text-autospace: none; margin-left: .2pt; margin-right: .75pt">\r\n                            <span style="font-family: Arial">(3) A member of the \r\n                            Board who is absent from three consecutive meetings \r\n                            of the Board without sufficient cause ceases to be a \r\n                            member of the Board. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 26.85pt; text-autospace: none; margin-left: .2pt; margin-right: 1.7pt">\r\n                            <span style="font-family: Arial">(4) The President \r\n                            may by letter addressed to a member revoke the \r\n                            appointment of that member. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.85pt; text-autospace: none; margin-left: .2pt; margin-right: .75pt">\r\n                            <span style="font-family: Arial">(5) Where a member \r\n                            of the Board is, for a sufficient reason, unable to \r\n                            act as a member, the Minister shall determine \r\n                            whether the inability would result in the \r\n                            declarartion of a vacancy. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 27.35pt; margin-right: .05pt">\r\n                            <span style="font-family: Arial">(6) Where there is \r\n                            a vacancy </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 48.2pt; margin-right: .05pt">\r\n                            <i><span style="font-family: Arial">(a) </span></i>\r\n                            <span style="font-family: Arial">under subsection \r\n                            (2), (3), (4) or subsection (2) of section 5, or <i>\r\n                            (b) </i>under subsection (5), <i>or'' </i></span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 48.2pt; margin-right: .05pt">\r\n                            <i><span style="font-family: Arial">(c) </span></i>\r\n                            <span style="font-family: Arial">because of the \r\n                            death of a member, </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: .7pt; margin-right: .75pt">\r\n                            <span style="font-family: Arial">the Minister shall \r\n                            notify the President of the vacancy, and the \r\n                            President shall in accordance with article 70 of the \r\n                            Constitution appoint a person to fill the vacancy.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt; margin-right: .05pt">\r\n                            <b><span style="font-family: Arial">Meetings of the \r\n                            Board </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 11.75pt; text-autospace: none; margin-left: .2pt; margin-right: 1.25pt">\r\n                            <b><span style="font-family: Arial">4. </span></b>\r\n                            <span style="font-family: Arial">(1) The Board shall \r\n                            meet at least once every three months for the \r\n                            despatch of business at the times and in the places \r\n                            determined by the chairperson. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.6pt; text-autospace: none; margin-left: 3.3pt; margin-right: 6.95pt">\r\n                            <span style="font-family: Arial">(2) The chairperson \r\n                            shall at the request in writing of not less than one \r\n                            third of the membership of the Board convene an \r\n                            extra-ordinary meeting of the Board at the place and \r\n                            time determined by the chairperson. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.6pt; text-autospace: none; margin-left: 3.3pt; margin-right: 6.95pt">\r\n                            <span style="font-family: Arial">(3) The quorum at a \r\n                            meeting of the Board is four members of the Board or \r\n                            a greater number determined by the Board in respect \r\n                            of an important matter. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.6pt; text-autospace: none; margin-left: 3.3pt; margin-right: 6.95pt">\r\n                            <span style="font-family: Arial">(4) The chairperson \r\n                            shall preside at the meetings of the Board and in \r\n                            the absence of the chairperson, a member of the \r\n                            Board elected by the members present from among \r\n                            their number shall preside. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.6pt; text-autospace: none; margin-left: 3.3pt; margin-right: 6.95pt">\r\n                            <span style="font-family: Arial">(5) Matters before \r\n                            the Board shall be decided by a majority of the \r\n                            members present and voting and in the event of an \r\n                            equality of votes, the person presiding shall have a \r\n                            casting vote. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 26.85pt; text-autospace: none; margin-left: 3.8pt; margin-right: 6.45pt">\r\n                            <span style="font-family: Arial">(6) The Board may \r\n                            co-opt a person to attend a Board meeting but that \r\n                            person shall not vote on a matter for decision at \r\n                            the meeting. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.6pt; text-autospace: none; margin-left: 3.3pt; margin-right: 6.95pt">\r\n                            <span style="font-family: Arial">(7) The proceedings \r\n                            of the Board shall not be invalidated because of a \r\n                            vacancy among the members or a defect in the \r\n                            appointment or qualification of a member. </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 33.05pt">\r\n                            <span style="font-family: Arial">(8) Subject to this \r\n                            section, the Board may determine the procedure for \r\n                            its meetings. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 5.45pt">\r\n                            <b><span style="font-family: Arial">Disclosure of \r\n                            interest </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 21.55pt">\r\n                            <b><span style="font-family: Arial">5. </span></b>\r\n                            <span style="font-family: Arial">(1) A member of the \r\n                            Board who has an interest in a matter for </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 6.45pt; margin-right: 4.3pt">\r\n                            <span style="font-family: Arial">consideration by \r\n                            the Board shall disclose in writing the nature of \r\n                            that interest and is disqualified from participating \r\n                            in the deliberations of the Board in respect of that \r\n                            matter. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 33.05pt">\r\n                            <span style="font-family: Arial">(2) A member who \r\n                            contravenes subsection (1) ceases to be a member.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 9.3pt">\r\n                            <b><span style="font-family: Arial">Establishment of \r\n                            committees </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 21.55pt">\r\n                            <b><span style="font-family: Arial">6. </span></b>\r\n                            <span style="font-family: Arial">The Board may \r\n                            establish committees consisting of members of the \r\n                            Board or non-members or both </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 57.05pt">\r\n                            <i><span style="font-family: Arial">(a) </span></i>\r\n                            <span style="font-family: Arial">to perform a \r\n                            function of the Board determined by the Board,\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 74.85pt">\r\n                            <span style="font-family: Arial">and </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 57.05pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">to advise the Board \r\n                            on a matter referred to the committee. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 9.3pt">\r\n                            <b><span style="font-family: Arial">Allowances\r\n                            </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 21.55pt">\r\n                            <span style="font-family: Arial">7. Members of the \r\n                            Board and members of a committee of the Board </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 10.5pt; margin-right: .7pt">\r\n                            <span style="font-family: Arial">shall be paid the \r\n                            allowances approved by the Minister in consultation \r\n                            with the Minister responsible for Finance. </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 9.3pt">\r\n                            <b><span style="font-family: Arial">Policy \r\n                            directives of the Minister </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 21.55pt">\r\n                            <b><span style="font-family: Arial">8. </span></b>\r\n                            <span style="font-family: Arial">The Minister may \r\n                            give policy directives in writing not inconsistent\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 10.5pt; margin-right: .7pt">\r\n                            <span style="font-family: Arial">with a provision of \r\n                            this Act to the Authority and the Board shall \r\n                            comply. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <span style="font-family: Arial">&nbsp;</span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 10.5pt; margin-right: -.2pt">\r\n                            <b><span style="font-family: Arial">Chief executive \r\n                            officer </span></b></p>\r\n                            <p class="MsoNormal" style="text-indent: -18.0pt; text-autospace: none; margin-left: 28.95pt; margin-right: -.2pt">\r\n                            <span style="font-family: Arial">9<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span></span><span style="font-family: Arial">\r\n                            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Authority shall have a chief \r\n                            executive officer. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 26.85pt; text-autospace: none; margin-left: 27.0pt; margin-right: 3.6pt">\r\n                            <span style="font-family: Arial">(2) The chief \r\n                            executive officer shall be appointed by the Board \r\n                            and shall hold office on the term’s and conditions \r\n                            determined by the Board. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 27.0pt; margin-right: 1.2pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) The \r\n                            chief executive officer is a full time officer of \r\n                            the Authority.</span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 27.0pt; margin-right: 1.2pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) Subject \r\n                            to the general control of the Board on matters of \r\n                            policy, the chief executive officer is charged with \r\n                            the direction of the business of the Authority and \r\n                            with its administration and organisation. </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-indent: -27.0pt; text-autospace: none; margin-left: 27.0pt; margin-right: -.2pt">\r\n                            <b><span style="font-family: Arial">Employees of the \r\n                            Authority </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -27.0pt; text-autospace: none; margin-left: 27.0pt; margin-right: 2.65pt">\r\n                            <b><span style="font-family: Arial">10. </span></b>\r\n                            <span style="font-family: Arial">The Authority shall \r\n                            employ the staff and any other employees as are \r\n                            necessary for the performance of its functions, on \r\n                            the terms and conditions determined by the Board.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 120.0pt; text-autospace: none; margin-left: 27.0pt; margin-right: 122.4pt">\r\n                            <i><span style="font-family: Arial">Functions of the \r\n                            Authority</span></i></p>\r\n                            <p class="MsoNormal" style="text-indent: -18.0pt; text-autospace: none; margin-left: 18.0pt; margin-right: 122.4pt">\r\n                            <b><span style="font-family: Arial">Objects and \r\n                            functions of the Authority </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-right: 1.7pt">\r\n                            <b><span style="font-family: Arial">11. </span></b>\r\n                            <span style="font-family: Arial">(1) The Authority \r\n                            shall plan, execute and manage the Bui \r\n                            hydro­electric power project which comprises </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 45.0pt; margin-right: .5pt">\r\n                            <i><span style="font-family: Arial">(a) </span></i>\r\n                            <span style="font-family: Arial">the generation of \r\n                            electrical power for general industrial and domestic \r\n                            use, and the operation of the dam and the \r\n                            hydro­electric generating station in the vicinity of \r\n                            Bui, </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 45.0pt; margin-right: .5pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">the construction of \r\n                            a transmission system for the evacuation of the \r\n                            electrical power generated at the dam to the \r\n                            national electricity grid, </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-right: -.2pt">\r\n                            <i><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)\r\n                            </span></i><span style="font-family: Arial">the \r\n                            supply of the electrical power generated at the dam \r\n                            to </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 72.0pt; margin-right: -.2pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp; (i) a public \r\n                            utility licensed under the Energy Commis­sion Act, \r\n                            1997 (Act 541) responsible for the trans­mission or \r\n                            distribution of electrical power to the public,\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 27.0pt; margin-right: -.2pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the township of Bui and its environs, \r\n                            and </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -24.7pt; text-autospace: none; margin-left: 72.0pt; margin-right: -.2pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any other consumer in Ghana or \r\n                            elsewhere under an arrangement agreed on between the \r\n                            Government, the Authority, a consumer and the \r\n                            Electricity Com­pany of Ghana or any other public \r\n                            utility licensed under the Energy Commission Act 997 \r\n                            (Act 541), </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 27.0pt; margin-right: .5pt">\r\n                            <i><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp; (d) </span>\r\n                            </i><span style="font-family: Arial">the provision \r\n                            of facilities and assistance for the use of the lake \r\n                            so created by the construction of the dam for \r\n                            multipurpose uses. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <span style="font-family: Arial">&nbsp;</span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 9.0pt; margin-right: 46.8pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp; (2) The \r\n                            Authority may </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 70.75pt; margin-right: 48.2pt">\r\n                            <i><span style="font-family: Arial">(a) </span></i>\r\n                            <span style="font-family: Arial">carry on an \r\n                            activity which is reasonably requisite or \r\n                            &nbsp;convenient for or in connection with the \r\n                            performance of its functions under this Act, </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 63.0pt; margin-right: 48.2pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">own, maintain and \r\n                            operate vessels or craft of any description for the \r\n                            purpose of transporting goods and passengers along \r\n                            the lake and may charge fares for those services.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-right: 46.8pt">\r\n                            <b><span style="font-family: Arial">Flow of water \r\n                            and flooding </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-right: 46.8pt">\r\n                            <b><span style="font-family: Arial">12. </span></b>\r\n                            <span style="font-family: Arial">(1) The Authority \r\n                            shall control, </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 63.0pt; margin-right: 48.2pt">\r\n                            <i><span style="font-family: Arial">(a) </span></i>\r\n                            <span style="font-family: Arial">the level of water \r\n                            in the lake to prevent the overtopping or breaching \r\n                            of the dam by flood to ensure that the safety of the \r\n                            dam and its structures are not jeopardized, and\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 63.0pt; margin-right: 48.2pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">the flow of water \r\n                            in the lake to prevent flooding downstream from the \r\n                            dam above the levels which were normal proceeding \r\n                            the construction of the dam. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.85pt; text-autospace: none; margin-left: 9.0pt; margin-right: 47.5pt">\r\n                            <span style="font-family: Arial">(2) The Board shall \r\n                            take reasonable measures to give warning of possible \r\n                            flooding from the lake or from the Black Volta River \r\n                            downstream from the dam. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 9.0pt; margin-right: 46.8pt">\r\n                            <b><span style="font-family: Arial">Powers in \r\n                            relation to transmission system </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 12.95pt; text-autospace: none; margin-left: 9.0pt; margin-right: 48.45pt">\r\n                            <b><span style="font-family: Arial">13. </span></b>\r\n                            <span style="font-family: Arial">(1) For the \r\n                            purposes of constructing the transmission system \r\n                            referred to in paragraph (b) of subsection (1) of \r\n                            section 11, or of prevent­ing damage or obstruction \r\n                            to the systems, the Authority may </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 54.0pt; margin-right: 48.2pt">\r\n                            <i><span style="font-family: Arial">(a) </span></i>\r\n                            <span style="font-family: Arial">enter on any lands \r\n                            for the purpose of constructing any works, or of \r\n                            examining, repairing, altering, or may remain there \r\n                            for a reasonable time and execute and do the things \r\n                            that the Board considers necessary, </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 54.0pt; margin-right: 48.2pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">survey and take \r\n                            levels of the lands or part of the lands, and do any \r\n                            other acts or things which the nature of the works \r\n                            may require. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.85pt; text-autospace: none; margin-left: 9.0pt; margin-right: 47.5pt">\r\n                            <span style="font-family: Arial">(2) Where an owner \r\n                            of the lands cannot, after reasonable enquiry be \r\n                            found, the Board shall cause not less than one \r\n                            week''s notice in writing of the intention to enter \r\n                            the lands for the purposes of this Act, to be posted \r\n                            in a conspicuous place on the lands so proposed to \r\n                            be entered; and after the expiration of that time \r\n                            the Board may exercise its powers as if notice had \r\n                            been served on the owner of the lands. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.85pt; text-autospace: none; margin-left: 9.0pt; margin-right: 47.5pt">\r\n                            <span style="font-family: Arial">(3) The Authority \r\n                            may, without giving notice enter on any lands for \r\n                            the purpose of inspecting, repairing, or altering \r\n                            any works whether wholly or in part constructed.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.6pt; text-autospace: none; margin-left: .2pt; margin-right: 3.8pt">\r\n                            <span style="font-family: Arial">&nbsp; &nbsp;(4) In the \r\n                            exercise of the powers conferred under this section \r\n                            the Board, the employees, the agents and workmen of \r\n                            the Authority shall do as little damage as possible; \r\n                            and, where the surface of a road or street has been \r\n                            disturbed, the Authority shall, as far as \r\n                            practicable, restore it to its former condition.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 26.6pt; text-autospace: none; margin-left: .2pt; margin-right: 3.8pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp; (5) A person who \r\n                            has an estate or interest in a land injuriously \r\n                            affected by the exercise of the powers conferred by \r\n                            subsection (1) is entitled to compensation to be \r\n                            settled, awarded and paid in accordance, as nearly \r\n                            as may be, with the provisions relating to \r\n                            compensation which are contained in the State \r\n                            Property and Contracts Act, 1960 (CA. 6). </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -21.6pt; text-autospace: none; margin-left: 49.2pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp; (6) For the \r\n                            purpose of this section, </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -21.6pt; text-autospace: none; margin-left: 49.2pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                            &quot;owner includes an occupier; </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.75pt; text-autospace: none; margin-left: 66.95pt; margin-right: 3.1pt">\r\n                            <span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&quot;works&quot; \r\n                            includes the erection of electrical plants, works \r\n                            and equipment. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                            <b><span style="font-family: Arial">Health \r\n                            safeguards </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 12.95pt; text-autospace: none; margin-right: 1.4pt">\r\n                            <b><span style="font-family: Arial">14. </span></b>\r\n                            <span style="font-family: Arial">The Board shall \r\n                            take reasonable measures in co-operation with the \r\n                            Minister responsible for Health, and with the \r\n                            relevant District Assemblies, to safeguard the \r\n                            health and safety of its employees and persons \r\n                            engaged on the construction of works referred to in \r\n                            section 11, their families and dependents, the \r\n                            inhabitants of Bui township and its environs. </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                            <b><span style="font-family: Arial">Research and \r\n                            records </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 12.95pt; text-autospace: none; margin-right: 1.4pt">\r\n                            <b><span style="font-family: Arial">15. </span></b>\r\n                            <span style="font-family: Arial">The Board shall, \r\n                            with a view to facilitating present or future \r\n                            research or planning, maintain and preserve the \r\n                            records relating to the functions of the Authority \r\n                            as the Board considers proper, and may engage in \r\n                            research and assist others to engage in research, in \r\n                            respect of a matter relating to those functions and \r\n                            may publish the records and the results of a \r\n                            research in which it may engage. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                            <b><span style="font-family: Arial">Co-operation \r\n                            with other public authorities </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 12.95pt; text-autospace: none; margin-right: 1.4pt">\r\n                            <b><i><span style="font-family: Arial">1</span></i><span style="font-family: Arial">6. </span></b>\r\n                            <span style="font-family: Arial">In the performance \r\n                            of the functions of the Authority, the Board shall \r\n                            co-operate with Government departments and agencies \r\n                            and any other public authorities. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt; margin-right: 72.0pt">\r\n                            <b><span style="font-family: Arial">Finance \r\n                            Authority to operate on commercial lines\r\n                            </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 12.95pt; text-autospace: none; margin-right: 1.4pt">\r\n                            <b><span style="font-family: Arial">17. </span></b>\r\n                            <span style="font-family: Arial">(1) The Board shall \r\n                            conduct the affairs of the Authority on sound \r\n                            commercial lines, and in particular, perform its \r\n                            functions under this Act as to ensure that, taking \r\n                            one year with another, the revenues of the Authority \r\n                            are greater than its outgoings properly chargeable \r\n                            to revenue account. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 33.35pt; text-autospace: none; margin-left: .95pt; margin-right: 1.65pt">\r\n                            <span style="font-family: Arial">(2) The Authority \r\n                            shall charge to revenue account the charges which, \r\n                            in the normal conduct of a business, are proper to \r\n                            be charged to revenue account, including proper \r\n                            provision for depreciation of assets or for renewal \r\n                            of assets, and in addition the interests on \r\n                            borrowings, repayments to be made each year in \r\n                            respect of loans incurred by the Authority to the \r\n                            extent that the repayments exceed provision of \r\n                            depre­ciation, and proper allocati0!ls to reserve.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 33.1pt; text-autospace: none; margin-left: 1.9pt; margin-right: .45pt">\r\n                            <span style="font-family: Arial">(3) Without \r\n                            prejudice to the power of the Authority to establish \r\n                            appropriate reserves for replacements or any other \r\n                            purposes, the Authority shall establish a reserve \r\n                            fund and out of its profits make payments to the \r\n                            fund for the purpose of expanding its Activities.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 33.1pt; text-autospace: none; margin-left: 1.9pt; margin-right: .45pt">\r\n                            <span style="font-family: Arial">(4) The Board shall \r\n                            determine charges for the supply of electrical power \r\n                            so as to ensure that it is able to comply with the \r\n                            requirements of this section. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 1.2pt">\r\n                            <b><span style="font-family: Arial">Borrowing powers\r\n                            </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 12.95pt; text-autospace: none; margin-left: 1.4pt; margin-right: 1.65pt">\r\n                            <b><span style="font-family: Arial">18. </span></b>\r\n                            <span style="font-family: Arial">The Authority may, \r\n                            in accordance with article 181 of the Consti­tution, \r\n                            borrow the sums of money that it requires, on the \r\n                            terms and in the currencies that may be agreed \r\n                            between it and the lender, for the performance of \r\n                            its functions under this Act. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 1.2pt">\r\n                            <b><span style="font-family: Arial">Funds of the \r\n                            Authority </span></b></p>\r\n                            <p class="MsoNormal" style="text-indent: -35.25pt; text-autospace: none; margin-left: 49.2pt; margin-right: 130.05pt">\r\n                            <b><span style="font-family: Arial">19. </span></b>\r\n                            <span style="font-family: Arial">(1) The Funds of \r\n                            the Authority include </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -35.25pt; text-autospace: none; margin-left: 49.2pt; margin-right: 130.05pt">\r\n                            <b><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                            </span></b><i><span style="font-family: Arial">(a)\r\n                            </span></i><span style="font-family: Arial">money \r\n                            approved by Parliament, </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 66.2pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">a fee or charge \r\n                            determined by the Board in consultation with the \r\n                            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minister and the Minister responsible for \r\n                            Finance, </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: 2.4pt">\r\n                            <i><span style="font-family: Arial">&nbsp;&nbsp; (c) </span>\r\n                            </i><span style="font-family: Arial">loans granted \r\n                            to the Authority by the Government or by any other \r\n                            person or body, </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 48.7pt; margin-right: 140.4pt">\r\n                            <i><span style="font-family: Arial">&nbsp;&nbsp; (d) </span>\r\n                            </i><span style="font-family: Arial">revenue \r\n                            accruing from banks,</span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 48.7pt; margin-right: 140.4pt">\r\n                            <span style="font-family: Arial">&nbsp; &nbsp;&nbsp;<i>(e) </i>\r\n                            donations, grants and gifts, and </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 36.2pt">\r\n                            <i><span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(f)\r\n                            </span></i><span style="font-family: Arial">any \r\n                            other moneys that are approved by Parliament. </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 33.35pt; text-autospace: none; margin-left: .95pt; margin-right: 1.65pt">\r\n                            <span style="font-family: Arial">(2) Funds received \r\n                            by or on behalf of the Authority shall be deposited \r\n                            by the appropriate person or authority to the credit \r\n                            of the Authority in an account in a bank approved by \r\n                            the Authority. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 33.1pt">\r\n                            <span style="font-family: Arial">(3) Each payment \r\n                            from the Funds shall be signed by the </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 48.2pt">\r\n                            <i><span style="font-family: Arial">(a) </span></i>\r\n                            <span style="font-family: Arial">chief executive, \r\n                            and </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: 2.4pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">the officer \r\n                            responsible for financial matters designated&nbsp; by \r\n                            the Board. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <b><span style="font-family: Arial">Re-imbursement \r\n                            to the Authority </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 11.75pt; text-autospace: none; margin-left: .2pt; margin-right: 2.4pt">\r\n                            <b><span style="font-family: Arial">20. </span></b>\r\n                            <span style="font-family: Arial">The Republic shall \r\n                            pay the Authority the net cost of the measures \r\n                            undertaken by the Authority under section 14 the \r\n                            necessity for which is not attributable to the \r\n                            creation of the lake or any other activities of the \r\n                            Authority. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                            <b><span style="font-family: Arial">Accounts and \r\n                            audit </span></b></p>\r\n                            <p class="MsoNormal" style="text-indent: 12.0pt; text-autospace: none; margin-left: .2pt; margin-right: 2.6pt">\r\n                            <b><span style="font-family: Arial">21. </span></b>\r\n                            <span style="font-family: Arial">(1) The Board shall \r\n                            keep proper books of accounts and records in \r\n                            relation to them in the form approved by the \r\n                            Auditor-General. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 33.35pt; text-autospace: none; margin-left: .2pt; margin-right: 1.2pt">\r\n                            <span style="font-family: Arial">(2) The Board shall \r\n                            submit the accounts of the Authority to the \r\n                            Auditor-General for audit within three months after \r\n                            the end of the financial year. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 33.35pt; text-autospace: none; margin-left: .2pt; margin-right: 1.2pt">\r\n                            <span style="font-family: Arial">(3) The \r\n                            Auditor-General shall, not later than three months \r\n                            after the receipt of the accounts, audit the \r\n                            accounts and submit a copy of the audit report to \r\n                            Parliament. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .45pt; margin-right: 1.9pt">\r\n                            <span style="font-family: Arial">(4) The financial \r\n                            year of the Authority is the same as the financial \r\n                            year of the Government.&quot; </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 76.55pt; text-autospace: none; margin-left: .2pt; margin-right: 78.2pt">\r\n                            <i><span style="font-family: Arial">Acquisition of \r\n                            land and resettlement measures </span></i></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-right: 78.2pt">\r\n                            <b><span style="font-family: Arial">Filling of the \r\n                            lake and acquisition of land </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 11.75pt; text-autospace: none; margin-left: .2pt; margin-right: 2.4pt">\r\n                            <b><span style="font-family: Arial">22. </span></b>\r\n                            <span style="font-family: Arial">(1) The Authority \r\n                            shall, on the completion of the dam and power \r\n                            station, so operate the dam as to cause the lake to \r\n                            fill by the accumulation of water in the upstream of \r\n                            the dam. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .45pt; margin-right: 1.9pt">\r\n                            <span style="font-family: Arial">(2) Subject to \r\n                            article 20 of the Constitution, the President shall \r\n                            cause to be acquired lands which, in the opinion of \r\n                            the Board, </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 48.95pt; margin-right: 1.65pt">\r\n                            <i><span style="font-family: Arial">(a) </span></i>\r\n                            <span style="font-family: Arial">may be required to \r\n                            be inundated by the filling of the lake together \r\n                            with any other land not extending beyond two \r\n                            kilometres from the shores of the lake at its \r\n                            maximum fill, <i>(b) </i>may be required for the \r\n                            development of the Bui township, <i>(c) </i>may be \r\n                            required for the use of persons being resettled as a \r\n                            result of the inundation of their lands by the \r\n                            filling of the lake, </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.7pt; margin-right: 1.65pt">\r\n                            <i><span style="font-family: Arial">(d) </span></i>\r\n                            <span style="font-family: Arial">are necessary to \r\n                            acquire for the proper performance of the functions \r\n                            of the Authority .. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 33.35pt; text-autospace: none; margin-left: .2pt; margin-right: 1.2pt">\r\n                            <span style="font-family: Arial">(3) The lands \r\n                            acquired under paragraphs <i>(a), (b) </i>and <i>(d)\r\n                            </i>of subsec­tion (2) shall immediately after their \r\n                            acquisition vest in the Authority without a further \r\n                            assurance than this subsection, free from any \r\n                            encum­brances, and the Authority may sell, transfer, \r\n                            exchange, let, demise or otherwise dispose of all or \r\n                            any of them to or with a person, and on the terms \r\n                            that the Board considers necessary for the proper \r\n                            performance of the functions of the Authority.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -11.5pt; text-autospace: none; margin-left: 36.0pt; margin-right: 2.6pt">\r\n                            <span style="font-family: Arial">&nbsp;(4) Despite any \r\n                            other enactment under which the lands were acquired, \r\n                            the lands falling under both or either of the \r\n                            descriptions set out in paragraphs <i>(b) </i>and <i>\r\n                            (d) </i>of subsection (2), which are lands which \r\n                            have been acquired before the commencement of this \r\n                            Act and vested in the President immediately before \r\n                            the commencement are hereby vested in the Authority \r\n                            and are subject to the powers conferred on the \r\n                            Authority by subsection (3). </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -11.5pt; text-autospace: none; margin-left: 36.0pt; margin-right: 2.6pt">\r\n                            <span style="font-family: Arial">(5) Lands acquired \r\n                            under paragraph <i>(c) </i>of subsection (2) may be \r\n                            transferred, exchanged, let, demised or otherwise \r\n                            disposed of by the President to or with a person \r\n                            whether or not that person is included among the \r\n                            persons being resettled &quot;and on the terms that are \r\n                            necessary for the promotion of the well being of the \r\n                            resettlement areas and the inhabitants of those \r\n                            areas. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -11.5pt; text-autospace: none; margin-left: 36.0pt; margin-right: 1.4pt">\r\n                            <span style="font-family: Arial">(6) Legal \r\n                            proceedings do not lie against the Authority as a \r\n                            result of the inundation of lands caused by the \r\n                            filling of the lake. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <b><span style="font-family: Arial">Compensation\r\n                            </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-right: .95pt">\r\n                            <b><span style="font-family: Arial">23. </span></b>\r\n                            <span style="font-family: Arial">Subject to article \r\n                            20 of the Constitution, the provisions of the State \r\n                            Lands Act, 1962 (Act 125) relating to the \r\n                            acquisition of land shall apply to the lands \r\n                            acquired under subsection (2) of section 22. </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <b><span style="font-family: Arial">Resettlement \r\n                            measures </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-right: .95pt">\r\n                            <b><span style="font-family: Arial">24. </span></b>\r\n                            <span style="font-family: Arial">The Government \r\n                            shall take reasonable measures to assist in the \r\n                            resettlement of the people inhabiting lands liable \r\n                            to be inundated and lands adjacent to those lands \r\n                            which are needed by the Authority for the \r\n                            performance of its functions, and the Minister shall \r\n                            ensure that so far as is practicable, a person does \r\n                            not suffer undue hardship or is deprived of \r\n                            necessary public amenities, as a result of the \r\n                            resettlement. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <b><span style="font-family: Arial">Defraying \r\n                            expenses incurred </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-right: 1.4pt">\r\n                            <b><span style="font-family: Arial">25.· </span></b>\r\n                            <span style="font-family: Arial">The expenses \r\n                            incurred in pursuance of sections 22, 23, and 24 \r\n                            shall be defrayed by the Republic. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <b><span style="font-family: Arial">Annual and other \r\n                            reports </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-right: .95pt">\r\n                            <b><span style="font-family: Arial">26. </span></b>\r\n                            <span style="font-family: Arial">(1) The Board shall \r\n                            within one month after the receipt of the audit \r\n                            report, submit an annual report to the Minister \r\n                            covering the activities and the operations of the \r\n                            Authority for the year to which the report relates.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -11.5pt; text-autospace: none; margin-left: 36.0pt; margin-right: 1.4pt">\r\n                            <span style="font-family: Arial">(2) The annual \r\n                            report shall include the report of the Auditor - \r\n                            ­General. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <span style="font-family: Arial">&nbsp;</span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 33.1pt; text-autospace: none; margin-right: 2.85pt">\r\n                            <span style="font-family: Arial">(3) The Minister \r\n                            shall, within one month after the receipt of the \r\n                            annual report, submit the report to Parliament with \r\n                            a statement that the Minister considers necessary.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 33.1pt; text-autospace: none; margin-left: .95pt; margin-right: 1.65pt">\r\n                            <span style="font-family: Arial">(4) The Board shall \r\n                            also submit to the Minister any other reports, which \r\n                            the Minister may require in writing. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                            <b><span style="font-family: Arial">Regulations\r\n                            </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 12.2pt; margin-right: 1.9pt">\r\n                            <b><span style="font-family: Arial">27. </span></b>\r\n                            <span style="font-family: Arial">(1) The Authority \r\n                            may, by legislative instrument, make Regulations <i>\r\n                            (a) </i>prohibiting, restricting or regulating the \r\n                            use of the lake and the lakeside area; </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 48.95pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">prohibiting, \r\n                            restricting or regulating the abstraction of water\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <span style="font-family: Arial">\r\n                            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; . &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; from the Black \r\n                            Volta River or the lake, otherwise than for </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 66.7pt; margin-right: 1.65pt">\r\n                            <span style="font-family: Arial">the. purpose of \r\n                            obtaining water for domestic use in a village, town \r\n                            or house situated within the catchment''s area of the \r\n                            Black Volta River; </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.95pt; margin-right: .95pt">\r\n                            <i><span style="font-family: Arial">(c) </span></i>\r\n                            <span style="font-family: Arial">imposing penalties \r\n                            on persons trespassing on land in the ownership or \r\n                            possession of the Authority; </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -28.55pt; text-autospace: none; margin-left: 66.95pt; margin-right: .95pt">\r\n                            <span style="font-family: Arial">. <i>(d) </i>\r\n                            prohibiting, restricting or regulating the movement \r\n                            of motor or any other vehicular traffic on or in the \r\n                            vicinity of the dam; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; . </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.95pt; margin-right: .95pt">\r\n                            <i><span style="font-family: Arial">(e) </span></i>\r\n                            <span style="font-family: Arial">for the better \r\n                            performance of the Authority''s functions under \r\n                            section 11; and </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.95pt; margin-right: .95pt">\r\n                            <i><span style="font-family: Arial">(f) </span></i>\r\n                            <span style="font-family: Arial">generally for the \r\n                            purpose of enabling the better performance by the \r\n                            Authority of its functions. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: 1.65pt">\r\n                            <span style="font-family: Arial">(2) The Regulations \r\n                            may in addition to the penalties which can be \r\n                            imposed by virtue of section 9 of the Statutory \r\n                            Instruments Act, 1959 (No. 52), impose in the case \r\n                            of continuous offences, an appropriate fine for each \r\n                            day during which the offence continues. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: 1.65pt">\r\n                            <span style="font-family: Arial">(3) In lieu of \r\n                            prohibiting, restricting or regulating an activity, \r\n                            the Regulations may regulate that activity under a \r\n                            licence to be granted by the Board. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 33.1pt; text-autospace: none; margin-left: .95pt; margin-right: 1.65pt">\r\n                            <span style="font-family: Arial">(4) The Regulations \r\n                            may prescribe the forms to be used and the fees to \r\n                            be paid for the licences. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: 1.65pt">\r\n                            <span style="font-family: Arial">(5) Proceedings for \r\n                            offences against the Regulations shall not be \r\n                            instituted except by the Attorney-General or by the \r\n                            Authority with the consent of the Attorney-General.\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .75pt">\r\n                            <b><span style="font-family: Arial">Protection of \r\n                            officers </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 11.75pt; text-autospace: none; margin-left: .95pt; margin-right: .7pt">\r\n                            <b><span style="font-family: Arial">28. </span></b>\r\n                            <span style="font-family: Arial">A matter or thing \r\n                            done by an officer or employee of the Authority \r\n                            shall not subject that officer or employee or a \r\n                            person acting by the directions of that officer or \r\n                            employee personally, to a civil liability where that \r\n                            matter or thing is done bona fide for the purpose of \r\n                            executing a provision of this Act. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .75pt">\r\n                            <b><span style="font-family: Arial">Financial \r\n                            agreements </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .95pt; margin-right: 2.15pt">\r\n                            <b><span style="font-family: Arial">29. </span></b>\r\n                            <span style="font-family: Arial">(1) Subject of \r\n                            article 181 of the Constitution, the President may, \r\n                            in writing, as the President considers it necessary \r\n                            in the public interest,</span></p>\r\n                            <p class="MsoNormal" style="text-indent: 1.2pt; text-autospace: none; margin-left: 49.25pt; margin-right: 2.15pt">\r\n                            <i><span style="font-family: Arial">(a) </span></i>\r\n                            <span style="font-family: Arial">enter into \r\n                            agreements providing for the guarantee of an \r\n                            obligation &nbsp;&nbsp;undertaken by the Board, and </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.75pt; margin-right: 1.4pt">\r\n                            <i><span style="font-family: Arial">(b) </span></i>\r\n                            <span style="font-family: Arial">enter into \r\n                            agreements providing for loans by the Government to \r\n                            the Board. </span></p>\r\n                            <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .95pt; margin-right: 2.15pt">\r\n                            <span style="font-family: Arial">(2) Moneys payable \r\n                            under an agreement referred to in subsec­tion (1) \r\n                            are charged on the Consolidated Fund. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: .75pt">\r\n                            <b><span style="font-family: Arial">Interpretation\r\n                            </span></b></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 12.95pt">\r\n                            <b><span style="font-family: Arial">30. </span></b>\r\n                            <span style="font-family: Arial">(1) In this Act, \r\n                            unless the context otherwise requires, </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 49.2pt; margin-right: 2.6pt">\r\n                            <span style="font-family: Arial">&quot;abstract&quot; includes \r\n                            divert, or by any other means cause to flow; \r\n                            &quot;Authority&quot; means the Bui Authority established by \r\n                            section 1; &quot;Board&quot; means the governing body of the \r\n                            Authority; </span></p>\r\n                            <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.75pt; margin-right: 1.4pt">\r\n                            <span style="font-family: Arial">&quot;Bui township&quot; \r\n                            means the area of land acquired for the development \r\n                            of the Bui township; </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 49.2pt">\r\n                            <span style="font-family: Arial">&quot;chief executive \r\n                            officer&quot; means the Chief Executive Officer </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-indent: 17.5pt; text-autospace: none; margin-left: 49.2pt; margin-right: 72.95pt">\r\n                            <span style="font-family: Arial">of the Authority, \r\n                            appointed under section 9; &quot;citizen&quot; means a citizen \r\n                            of Ghana; &quot;functions&quot; includes powers and duties;\r\n                            </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.75pt; margin-right: .7pt">\r\n                            <span style="font-family: Arial">&quot;lake&quot; means the \r\n                            lake created as a result of the construction of the \r\n                            dam, as the waters of the lake extend from time to \r\n                            time, including the islands in the lake; </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.75pt; margin-right: .7pt">\r\n                            <span style="font-family: Arial">&quot;lakeside area&quot; \r\n                            means any of the lands referred to in paragraph <i>\r\n                            (a) </i>of subsection (2) of section 22 as are not \r\n                            for the time being comprised in the lake; </span>\r\n                            </p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 49.2pt">\r\n                            <span style="font-family: Arial">&quot;member&quot; means a \r\n                            member of the Board; </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 49.2pt; margin-right: 15.35pt">\r\n                            <span style="font-family: Arial">&quot;Minister&quot; means \r\n                            the Minister responsible for Energy; &quot;Regulations&quot; \r\n                            means the Regulations made under this Act. </span>\r\n                            </p>\r\n                            <p class="MsoNormal" align="center" style="text-align: center; text-autospace: none; margin-left: 49.2pt">\r\n                            <span style="font-family: Arial">&quot;supply&quot; in \r\n                            relation to electrical power includes maintaining \r\n                            potential, whether or not the power so supplied is \r\n                            taken. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none">\r\n                            <span style="font-family: Arial">&nbsp;(2) For the \r\n                            purposes of the Rivers Act, 1903, and any other \r\n                            enact­ment, the lake is not a river, and section 10 \r\n                            of the Rivers Act shall not apply to any part of the \r\n                            Black Volta River upstream of the lake. </span></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none">\r\n                            <span style="font-family: Arial">(3) Officers of the \r\n                            Authority are public officers for the purposes of \r\n                            the Criminal Offences Act, 1960 (Act 29) and the \r\n                            Criminal and other Offences (Procedure) Act, 1960 \r\n                            (Act 30). </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none">\r\n                            <b><span style="font-family: Arial">Amendments to \r\n                            Act 46 </span></b></p>\r\n                            <p class="MsoNormal" style="text-align: justify; text-indent: 12.0pt; text-autospace: none; margin-left: .2pt">\r\n                            <b><span style="font-family: Arial">31. </span></b>\r\n                            <span style="font-family: Arial">The Volta River \r\n                            Development Act, 1961 (Act 46) is amended by the \r\n                            deletion of the words &quot;the Black Volta&quot; in the \r\n                            definition of the words &quot;River Volta&quot; in section 38 \r\n                            of that Act. </span></p>\r\n                            <p class="MsoNormal" style="text-autospace: none; margin-left: 84.25pt; margin-right: .25pt">\r\n                            <span style="font-family: Arial">Date of <i>Gazette\r\n                            </i>notification: 3rd August, 2007. </span></p>\r\n                            <p class="MsoNormal">\r\n                            <span style="font-family: Arial">&nbsp;</span></p>\r\n                            <p class="MsoNormal">\r\n                            <span style="font-family: Arial">&nbsp;</span></p>\r\n                            <p align="center">\r\n	</td>\r\n  </tr>\r\n					</table>\r\n                    </td>\r\n                </tr>\r\n                <tr>\r\n                  <td vAlign="top" align="left" width="728" height="64">\r\n                    <p class="MsoNormal" style="text-align: justify">\r\n                    <span style="font-family: Arial">&nbsp;</span></p>\r\n                                              </td>\r\n                </tr>\r\n', 'Fourth', 'Yes', 'ACT 740');
INSERT INTO `actsofghana` (`id`, `title`, `content`, `republic`, `isshow`, `actname`) VALUES
(143, 'Central Securities Depository Act, 2007 Act 733 ', '<table>\r\n<tr>\r\n                                            <td vAlign="top" align="justify" width="1388" height="64">\r\n                                              <p class="MsoNormal">\r\n                                              <span style="font-family: Arial">&nbsp;</span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 62.4pt; margin-right: -.25pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                                              Central Securities Depository Act, \r\n                                              2007 </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Act 733 </span></b></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 96.0pt; margin-right: 3.85pt">&nbsp;</p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 96.0pt; margin-right: 3.85pt">\r\n                                              <span style="font-family: Arial">\r\n                                              ARRANGEMENT OF SECTIONS </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: .25pt; margin-right: 3.85pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              Section </span></i></p>\r\n                                              <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 38.85pt; margin-right: 3.6pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Establishment and functions of \r\n                                              central securities depository\r\n                                              </span></i></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.95pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              1)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Establishment of a central \r\n                                              securities depository </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.95pt; line-height: 150%; text-autospace: none; margin-left: 25.4pt; margin-right: 3.6pt">\r\n                                              2)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Application procedure </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.95pt; line-height: 150%; text-autospace: none; margin-left: 25.4pt; margin-right: 3.6pt">\r\n                                              3)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Grant of application </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.95pt; line-height: 150%; text-autospace: none; margin-left: 25.4pt; margin-right: 3.6pt">\r\n                                              4)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Conditions for grant of \r\n                                              application </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.95pt; line-height: 150%; text-autospace: none; margin-left: 25.4pt; margin-right: 3.6pt">\r\n                                              5)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Alterations to central securities \r\n                                              depository rules by a depository\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 0cm; line-height: 150%; text-autospace: none; margin-left: 6.45pt; margin-right: 21.8pt">\r\n                                              6)<span style="font-family: Arial">&nbsp;&nbsp; \r\n                                              Amendment of a central securities \r\n                                              depository rules by the Commission\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 0cm; text-autospace: none; margin-left: 6.5pt; margin-right: 21.6pt">\r\n                                              7)<span style="font-family: Arial">. \r\n                                              &nbsp;Functions of a central securities \r\n                                              depository </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 6.5pt; margin-right: 3.6pt">\r\n                                              <span style="font-family: Arial">8 \r\n                                              . Fees </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.95pt; line-height: 150%; text-autospace: none; margin-left: 25.4pt; margin-right: 3.6pt">\r\n                                              9)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Appointment of participants for \r\n                                              central securities depository\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.2pt; text-autospace: none; margin-left: 25.9pt; margin-right: 3.6pt">\r\n                                              10)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Directions by central securities \r\n                                              depository </span></p>\r\n                                              <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 1.2pt; margin-right: 3.6pt">\r\n                                              <span style="font-family: Arial">\r\n                                              11. Central securities depository \r\n                                              to provide assistance to the \r\n                                              Commission </span></p>\r\n                                              <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 88.8pt; margin-right: 3.6pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Admitted and dematerialised \r\n                                              securities </span></i></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.2pt; line-height: 150%; text-autospace: none; margin-left: 26.15pt; margin-right: 3.6pt">\r\n                                              12)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Issue of uncertificated or \r\n                                              demateria1ised securities </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              13)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Admittance of securities </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              14)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Verification of certificates and \r\n                                              transfer to a central securities \r\n                                              depository </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              15)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Trading of eligible securities\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              16)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Restriction on trade in eligible \r\n                                              securities &quot; </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              17)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Receipt of certificates of \r\n                                              eligible securities for safe \r\n                                              custody </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              18)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Liability of a central securities \r\n                                              depository for loss or damage of \r\n                                              certificates </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              19)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Withdrawal ofimmobi1ised \r\n                                              securities </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              20)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Trading of securities withdrawn \r\n                                              from central securities depository\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              21)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Withdrawal of prescribed \r\n                                              securities prohibited </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              22)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Demateria1isation of securities\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              23)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Central securities depository to \r\n                                              maintain official record of \r\n                                              depositors </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              24)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Issuer not to issue certificates \r\n                                              in respect of demateria1ised \r\n                                              securities </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              25)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Effect of reference to records in \r\n                                              a central securities depository\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 0cm; line-height: 150%; text-autospace: none; margin-left: .2pt; margin-right: 137.75pt">\r\n                                              26)<span style="font-family: Arial">&nbsp;&nbsp; \r\n                                              Application to collective \r\n                                              investment schemes </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 0cm; line-height: 150%; text-autospace: none; margin-left: .2pt; margin-right: 137.75pt">\r\n                                              27)<span style="font-family: Arial">. \r\n                                              &nbsp;Rules in respect of \r\n                                              demateria1ised securities </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 107.25pt; margin-right: 3.6pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Securities accounts and records\r\n                                              </span></i></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.2pt; line-height: 150%; text-autospace: none; margin-left: 26.15pt; margin-right: 3.6pt">\r\n                                              28)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Dealers in book-entry securities \r\n                                              to hold securities account </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              29)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Issuance of statements of accounts\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              <i>30)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              Duty of central securities \r\n                                              depository to keep records and <i>\r\n                                              accounts </i></span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -25.4pt; line-height: 150%; text-autospace: none; margin-left: 26.4pt; margin-right: 3.6pt">\r\n                                              31)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Audit of records and accounts\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 100.05pt; margin-right: 10.8pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Securities transactions and \r\n                                              entries </span></i></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -24.7pt; line-height: 150%; text-autospace: none; margin-left: 26.1pt; margin-right: 10.8pt">\r\n                                              32)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Evidence of transactions in \r\n                                              respect of deposited securities\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              33)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Provision of record of depositors \r\n                                              to issuers </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              34)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Depositor to be treated as member \r\n                                              or debenture holder </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              35)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Register of Depositors </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              36)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Termination and set-off </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              37)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Prohibition in dealings in book \r\n                                              -entry securities </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              38)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Public offer of securities </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              39)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Corporate actions </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              40)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Underwriters to open securities \r\n                                              accounts </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              41)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Charging of securities </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .65pt; margin-right: 10.8pt">\r\n                                              <span style="font-family: Arial">\r\n                                              42. Securities in or under \r\n                                              suspense </span></p>\r\n                                              <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 75.3pt; margin-right: 10.8pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Security, secrecy and \r\n                                              investigation provisions </span>\r\n                                              </i></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -24.7pt; line-height: 150%; text-autospace: none; margin-left: 26.1pt; margin-right: 10.8pt">\r\n                                              43)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Security measures </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              44)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Duty to maintain secrecy </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              45)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Permitted disclosures </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              46)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Regulation of access to computer \r\n                                              system </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              47)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Power of the Commission to require \r\n                                              production of records </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              48)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Power of Commission to enter and \r\n                                              search premises </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              49)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Disclosure to Commission </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              50)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Investigation by Commission </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 26.85pt; margin-right: 10.8pt">\r\n                                              51)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Power of Court to make orders\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="line-height: 150%; text-autospace: none; margin-left: 124.75pt; margin-right: 11.05pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Miscellaneous provisions </span>\r\n                                              </i></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -24.7pt; line-height: 150%; text-autospace: none; margin-left: 26.35pt; margin-right: 11.05pt">\r\n                                              52)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Preservation of records and \r\n                                              accounts </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              53)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Guarantee Fund </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              54)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Falsification of records or \r\n                                              accounts </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              55)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Destruction, concealment, or \r\n                                              alteration of records </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              56)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Furnishing false or misleading \r\n                                              information </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              57)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Offences by bodies corporate\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              58)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              General penalty </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              59)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Regulations </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              60)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Interpretation </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              61)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              References </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -23.75pt; line-height: 150%; text-autospace: none; margin-left: 27.1pt; margin-right: 11.05pt">\r\n                                              62)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7.0pt; font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n                                              </span>\r\n                                              <span style="font-family: Arial">\r\n                                              Consequential amendments </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 80.4pt; margin-right: .25pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                                              THE SEVEN HUNDRED AND THIRTY-THIRD\r\n                                              </span></b></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 151.2pt; margin-right: .25pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                                              ACT </span></b></p>\r\n                                              <p class="MsoNormal" align="center" style="text-align: center; text-autospace: none; margin-left: 22.05pt; margin-right: 22.55pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              OF THE PARLIAMENT OF THE REPUBLIC \r\n                                              OF GHANA </span></b></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 22.05pt; margin-right: 22.55pt">\r\n                                              <span style="font-family: Arial">\r\n                                              &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                                              &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                                              ENTITLED </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 29.25pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \r\n                                              THE CENTRAL SECURITIES DEPOSITORY \r\n                                              ACT, 2007 </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -24.2pt; text-autospace: none; margin-left: 24.2pt; margin-right: 1.2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              AN ACT to establish central \r\n                                              securities depositories to \r\n                                              regulate dealings in securities \r\n                                              and to provide for related \r\n                                              matters. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 97.9pt; text-autospace: none; margin-left: .2pt; margin-right: 98.4pt">\r\n                                              <span style="font-family: Arial">\r\n                                              DATE OF ASSENT: <i>16th May, 2007\r\n                                              </i>ENACTED by the President and \r\n                                              Parliament: </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 38.6pt; text-autospace: none; margin-left: .2pt; margin-right: 39.1pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Establishment and functions of \r\n                                              central securities depository\r\n                                              </span></i></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 38.6pt; text-autospace: none; margin-left: .2pt; margin-right: 39.1pt">\r\n                                              <span style="font-family: Arial">\r\n                                              Establishment of a central \r\n                                              securities depository </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 12.2pt; text-autospace: none; margin-left: .2pt; margin-right: .45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              1. A central securities depository \r\n                                              may be established by a company \r\n                                              registered under the Companies \r\n                                              Code, 1963 (Act 179). </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              Application procedure </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 12.2pt; text-autospace: none; margin-left: .2pt; margin-right: .45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              2. (1) A person who intends to \r\n                                              establish or operate a central \r\n                                              securities deposi­tory shall, \r\n                                              apply in writing to the \r\n                                              Commission. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 26.85pt; text-autospace: none; margin-left: .2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) The application shall be in \r\n                                              writing and accompanied by central \r\n                                              securities depository rules made \r\n                                              by the applicant in a manner and \r\n                                              form prescribed by the Commission \r\n                                              and shall provide for </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -20.6pt; text-autospace: none; margin-left: 104.6pt">\r\n                                              <span style="font-family: Arial">(i) \r\n                                              the proper and efficient \r\n                                              operation, management and \r\n                                              maintenance of the central \r\n                                              depository; </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none">\r\n                                              <span style="font-family: Arial">&nbsp;</span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -20.85pt; text-autospace: none; margin-left: 104.6pt; margin-right: 2.65pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (ii) the clearing and settlement \r\n                                              service to facilitate buying, \r\n                                              selling and other dealings in \r\n                                              securities and the operations of \r\n                                              the depository service; </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -20.85pt; text-autospace: none; margin-left: 104.6pt; margin-right: 2.65pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (iii) the confidentiality and \r\n                                              protection of information and \r\n                                              documents related to the affairs \r\n                                              of persons holding securities \r\n                                              accounts with the central \r\n                                              securities depository and the \r\n                                              securities accounts held by them; \r\n                                              and </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 83.7pt; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (iv) any other information that \r\n                                              the Commission may prescribe.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .65pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Grant of application </span></b>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 12.2pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              3. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              The Commission shall grant an \r\n                                              application in writing if it is \r\n                                              satisfied that </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: 2.2pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the proposed central securities \r\n                                              depository rules of the applicant \r\n                                              are rules approved by the \r\n                                              Commission, </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 66.2pt; margin-right: 3.15pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the establishment and maintenance \r\n                                              of the central securities \r\n                                              depository, promote the positive \r\n                                              development of securities market \r\n                                              in the country, and </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.45pt; margin-right: .05pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the interest of the public \r\n                                              dealings with securities, will be \r\n                                              served. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .65pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Conditions for grant of \r\n                                              application </span></b></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 12.2pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              4. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              The Commission may, impose \r\n                                              conditions in relation to </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 48.65pt; margin-right: 73.95pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the paid-up or authorised capital \r\n                                              of the depository, <i>(b) </i>the \r\n                                              shareholding of the members of the \r\n                                              depository, </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: 2.2pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the appointment of the board of \r\n                                              directors and management of the \r\n                                              depository, and </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: 2.2pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (d) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              any other matters that the \r\n                                              Commission considers appropriate \r\n                                              in approving an application.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .65pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Alterations to central securities \r\n                                              depository rules by a depository\r\n                                              </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.75pt; text-autospace: none; margin-left: .9pt; margin-right: .5pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              5. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depository shall not amend \r\n                                              its rules, except with the prior \r\n                                              approval of the Commission. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 26.85pt; text-autospace: none; margin-left: .9pt; margin-right: 1.45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A depository which intends to \r\n                                              amend its rules shall apply in \r\n                                              writing to the Commission. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 26.85pt; text-autospace: none; margin-left: .9pt; margin-right: 1.45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) The Commission shall within \r\n                                              thirty days after receipt of the \r\n                                              application communicate its \r\n                                              decision in writing to the \r\n                                              depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .65pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Amendment </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              of a <b>central securities \r\n                                              depository rules by the Commission\r\n                                              </b></span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.75pt; text-autospace: none; margin-left: .9pt; margin-right: .5pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              6. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) The Commission may amend the \r\n                                              central securities depository \r\n                                              rules after consultation with the \r\n                                              depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 26.85pt; text-autospace: none; margin-left: .9pt; margin-right: 1.45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) The Commission shall in \r\n                                              writing specify any amendments \r\n                                              made and the date on which the \r\n                                              amendment shall come into force.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none">\r\n                                              <span style="font-family: Arial">&nbsp;</span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -12.0pt; text-autospace: none; margin-left: 12.0pt; margin-right: 158.6pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Functions of a central securities \r\n                                              depository </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -12.0pt; text-autospace: none; margin-left: 12.0pt; margin-right: 158.6pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7. </span></b>\r\n                                              <span style="font-family: Arial">A \r\n                                              depository shall </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.7pt; text-autospace: none; margin-left: 67.9pt; margin-right: 3.6pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              facilitate the admittance of \r\n                                              securities into the central \r\n                                              securities depository; </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              facilitate the deposit and \r\n                                              withdrawal of certificates in \r\n                                              respect of </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 17.75pt; text-autospace: none; margin-left: 48.2pt; margin-right: 64.55pt">\r\n                                              <span style="font-family: Arial">\r\n                                              securities admitted in the central \r\n                                              securities depository; <i>(c) </i>\r\n                                              facilitate the dematerialisation \r\n                                              of securities accounts;</span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-right: 64.55pt">\r\n                                              <span style="font-family: Arial">\r\n                                              &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<i>(d) </i>open, \r\n                                              maintain and close securities \r\n                                              accounts; </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -18.0pt; text-autospace: none; margin-left: 66.45pt; margin-right: 5.75pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (e) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              establish a proper and efficient \r\n                                              system for the verification, \r\n                                              inspection, identification and \r\n                                              recording of book -entry \r\n                                              securities with the central \r\n                                              depository; </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (f) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              facilitate the efficient transfer \r\n                                              of book-entry securities; </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.7pt; text-autospace: none; margin-left: 67.9pt; margin-right: 3.6pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (g) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              facilitate the efficient process \r\n                                              of cash payment in exchange for \r\n                                              securities; </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (h) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              facilitate the registration of \r\n                                              dealings in book -entry \r\n                                              securities; </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.7pt; text-autospace: none; margin-left: 67.9pt; margin-right: 3.6pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">(i)\r\n                                              </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              operate securities accounts for \r\n                                              the handling of book-entry \r\n                                              securities and cash; </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 0cm; text-autospace: none; margin-left: 49.4pt; margin-right: 4.3pt">\r\n                                              0)<span style="font-family: Arial">designate \r\n                                              one or more banks as a settlement \r\n                                              partner for the settlement of \r\n                                              funds in respect of transactions \r\n                                              cleared through a depository; <i>\r\n                                              (k) </i>facilitate the efficient \r\n                                              collection of fees and other \r\n                                              charges that may be required;\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.7pt; text-autospace: none; margin-left: 67.9pt; margin-right: 3.6pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (1) guard against falsification of \r\n                                              any records or accounts required \r\n                                              to be kept or maintained under \r\n                                              this Act; and </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.0pt; text-autospace: none; margin-left: 68.15pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (m) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              perform other functions that are \r\n                                              necessary to ensure orderly \r\n                                              dealings· in admitted or \r\n                                              dematerialised securities, or as \r\n                                              the Commission may from time to \r\n                                              time prescribe. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 2.8pt; margin-right: .75pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Fees </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.75pt; text-autospace: none; margin-left: 3.05pt; margin-right: 3.6pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              8. </span></b>\r\n                                              <span style="font-family: Arial">A \r\n                                              depository shall charge such fees \r\n                                              for its services and facilities as \r\n                                              approved by the Commission. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 2.8pt; margin-right: .75pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Appointment </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              of participants <b>for a central \r\n                                              securities depository </b></span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.75pt; text-autospace: none; margin-left: 3.05pt; margin-right: 3.6pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              9. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A central securities \r\n                                              depository may appoint \r\n                                              participants comprising the \r\n                                              following in writing: </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 50.1pt; margin-right: .75pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">a \r\n                                              licensed dealing member of a stock \r\n                                              exchange, </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -18.7pt; text-autospace: none; margin-left: 68.1pt; margin-right: 4.35pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">a \r\n                                              registrar, custodian, stockbroker, \r\n                                              or a person licensed by the \r\n                                              Commission as a dealer in \r\n                                              securities, </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">a \r\n                                              unit trust scheme or mutual fund \r\n                                              licensed by the Commission, </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (d) </span></i>\r\n                                              <span style="font-family: Arial">a \r\n                                              person licensed by the Bank of \r\n                                              Ghana as a bank under the Banking \r\n                                              Act 2004, (Act 673) or as a \r\n                                              Non-Bank finanicial institution \r\n                                              under the Financial Institutions \r\n                                              (Non-Banking) Law 1993 (P.N.D.C.L. \r\n                                              328); <i>(e) </i>an institutional \r\n                                              investor, or </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (f) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              &nbsp;a body corporate of a type \r\n                                              prescribed by the Commission.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: .2pt; text-autospace: none; margin-left: 28.55pt; margin-right: .45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A person shall not act as \r\n                                              participant of a depository unless \r\n                                              the person is duly appointed by \r\n                                              the relevant depository. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 28.55pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) A central securities \r\n                                              depository participant shall\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.75pt; text-autospace: none; margin-left: 67.4pt; margin-right: .7pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              perform functions approved for the \r\n                                              depository under the Central \r\n                                              securities depository rules, and\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.0pt; margin-right: .45pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              produce or make available to the \r\n                                              depository or to the Commission \r\n                                              when required, any information or \r\n                                              document relating to a securities \r\n                                              account. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .95pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Directions by central securities \r\n                                              depository </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.95pt; text-autospace: none; margin-left: .45pt; margin-right: .95pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              10. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depository may, give \r\n                                              directions to an issuer of \r\n                                              securities or a partici­pant in \r\n                                              performing its functions under \r\n                                              this Act, and the issuer or \r\n                                              participant shall com­ply with the \r\n                                              directions. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 27.35pt; text-autospace: none; margin-left: .45pt; margin-right: .45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) An issuer or participant who \r\n                                              fails to comply with directions \r\n                                              given by a depository commits an \r\n                                              offence and is liable on summary \r\n                                              conviction to a fine of not more \r\n                                              than five hundred penalty units or \r\n                                              a term of imprisonment of not more \r\n                                              than five years or t? both. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .7pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Central securities depository to \r\n                                              provide assistance to the \r\n                                              Commission </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 12.7pt; text-autospace: none; margin-left: .2pt; margin-right: 1.2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              11. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depository shall provide \r\n                                              assistance to the Commission for \r\n                                              the perfor­mance of its functions.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 33.6pt; text-autospace: none; margin-right: .95pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) The Commission and its agents \r\n                                              shall have access to any part of \r\n                                              the premises of a depository at \r\n                                              reasonable times to ensure \r\n                                              compliance with this Act:&quot; </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 89.0pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Admitted and dematerialised \r\n                                              securities </span></i></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -12.2pt; text-autospace: none; margin-left: 12.45pt; margin-right: 115.4pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Issue of uncertificated or \r\n                                              dematerialised securities</span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -12.2pt; text-autospace: none; margin-left: 12.45pt; margin-right: 115.4pt">\r\n                                              <span style="font-family: Arial">\r\n                                              12.<b> </b></span>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) An issuer of securities to the \r\n                                              public may </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.0pt; margin-right: .45pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              issue a security in uncertificated \r\n                                              or dematerialised form where it is \r\n                                              authorised in its regulations and \r\n                                              authorised by a resolution of its \r\n                                              board of directors, </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.0pt; margin-right: .45pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              convert a certificated security \r\n                                              into an uncertificated security \r\n                                              where it is authorised in its \r\n                                              regulations and by a resolution of \r\n                                              its board of directors . </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 35.75pt; text-autospace: none; margin-left: .45pt; margin-right: 4.05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A person may opt to hold a \r\n                                              certificated security or a \r\n                                              security in book ­entry form with \r\n                                              a depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 35.75pt; text-autospace: none; margin-left: .45pt; margin-right: 4.05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) Where a person opts to hold a \r\n                                              security with a depository, the \r\n                                              issuer shall give to the \r\n                                              depository, details of the \r\n                                              allotted security. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 35.75pt; text-autospace: none; margin-left: .45pt; margin-right: 4.05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (4) The depository shall on \r\n                                              receipt of details of the allotted \r\n                                              security enter it in its records \r\n                                              in the name of the allottee as the \r\n                                              beneficial owner of the security.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .95pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Admittance of securities </span>\r\n                                              </b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 12.45pt; text-autospace: none; margin-left: .45pt; margin-right: 4.3pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              13. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) Subject to subsection (2), a \r\n                                              stock exchange may, after \r\n                                              consultation with a central \r\n                                              securities depository, prescribe \r\n                                              that any security </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              listed or quoted, or </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              proposed to be listed or quoted,\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .95pt; margin-right: 3.8pt">\r\n                                              <span style="font-family: Arial">\r\n                                              on the stock exchange, be admitted \r\n                                              by depositing the security with \r\n                                              the central securities depository.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 36.2pt; text-autospace: none; margin-left: .95pt; margin-right: 2.85pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A stock exchange shall give \r\n                                              notice to the public of all \r\n                                              eligible securities prescribed by \r\n                                              it to be admitted into a \r\n                                              depository in respect of \r\n                                              securities listed or quoted on the \r\n                                              stock exchange. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 35.75pt; text-autospace: none; margin-left: .45pt; margin-right: 4.05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) The deposit by a person of an \r\n                                              eligible security with a \r\n                                              depository partici­pant shall be \r\n                                              considered to be a deposit of the \r\n                                              security with that central \r\n                                              depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 36.7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (4) A central securities \r\n                                              depository shall hold securities \r\n                                              in book-entry form only. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .95pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Verification of certificates and \r\n                                              transfer to a central securities \r\n                                              depository </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.45pt; text-autospace: none; margin-left: 1.9pt; margin-right: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              14. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depository or its \r\n                                              participant shall lodge the \r\n                                              certificate and instrument with \r\n                                              the issuer within the period \r\n                                              prescribed in the central \r\n                                              securities depository rules after \r\n                                              deposit of a certificate \r\n                                              representing an eligible security \r\n                                              and an instrument of transfer in \r\n                                              respect of that security. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: 2.6pt; margin-right: 1.4pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) The issuer shall register the \r\n                                              transfer of the security in \r\n                                              respect of the certificates in the \r\n                                              name of the depository or its \r\n                                              nominee company on receipt of the \r\n                                              certificate and instrument. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 36.7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) The issuer shall refuse \r\n                                              registration of the transfer where\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 68.6pt; margin-right: 1.2pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the certificate is not a genuine \r\n                                              certificate or is a certificate \r\n                                              that has been reported lost or \r\n                                              destroyed, and </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              in relation to any security,\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -20.85pt; text-autospace: none; margin-left: 108.0pt; margin-right: .2pt">\r\n                                              <span style="font-family: Arial">(i) \r\n                                              there has been a duplication in \r\n                                              the issue of the certificate \r\n                                              representing that security, </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -20.85pt; text-autospace: none; margin-left: 108.0pt; margin-right: .2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (ii) a certificate has been issued \r\n                                              in excess of the issued capital of \r\n                                              the issuer, or </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -20.85pt; text-autospace: none; margin-left: 108.0pt; margin-right: .2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (iii) the issuer has been served \r\n                                              with an order of a Court \r\n                                              prohibiting dealing in respect of \r\n                                              the security underlying the \r\n                                              certificate. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 34.55pt; text-autospace: none; margin-right: .95pt">\r\n                                              <span style="font-family: Arial">\r\n                                              &nbsp;(4) The issuer shall, in any case \r\n                                              other than a case referred to in \r\n                                              subsection (3), cancel a \r\n                                              certificate and substitute in its \r\n                                              records the name of the depository \r\n                                              or its nominee as a registered \r\n                                              owner in respect of that security \r\n                                              and inform the depository. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 36.0pt; text-autospace: none; margin-left: .2pt; margin-right: .95pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (5) A depository shall enter the \r\n                                              name of the depositor in its \r\n                                              records as the beneficial owner.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 34.55pt; text-autospace: none; margin-right: .95pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (6) Where an issuer refuses \r\n                                              registration of a transfer, the \r\n                                              issuer shall serve on the \r\n                                              transferor and the central \r\n                                              securities depository, a written \r\n                                              notice giving rea­sons for the \r\n                                              refusal. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 36.0pt; text-autospace: none; margin-left: .2pt; margin-right: .95pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (7) An instrument of transfer \r\n                                              lodged with an issuer may be \r\n                                              registered in the name of a \r\n                                              depository or its nominee company.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 33.35pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (8) This section does not apply to \r\n                                              bearer securities. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Trading of eligible securities\r\n                                              </span></b></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt; margin-right: .95pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              15. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) This Act applies to trading in \r\n                                              eligible securities during the \r\n                                              period beginning on the day \r\n                                              immediately after the notification \r\n                                              date and ending on the admission \r\n                                              date. (2) A depository or \r\n                                              depository participant, shall \r\n                                              accept a certificate repre­senting \r\n                                              an eligible security to be \r\n                                              admitted for the purpose of \r\n                                              settlement of any trade on a stock \r\n                                              exchange in accordance with the \r\n                                              central securities depository \r\n                                              rule. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 36.0pt; text-autospace: none; margin-left: .2pt; margin-right: .95pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) Section 14 shall apply to \r\n                                              depository agents and issuers with \r\n                                              whom the documents referred to in \r\n                                              subsection (2) of this section \r\n                                              have been lodged. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Restriction on trade in eligible \r\n                                              securities </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.2pt; text-autospace: none; margin-left: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              16. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A person shall not trade in \r\n                                              any eligible security on a stock \r\n                                              exchange, after the admission \r\n                                              date, unless the security has been \r\n                                              deposited with a depository in \r\n                                              accordance wi th this Act. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 34.55pt; text-autospace: none; margin-right: .95pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) Despite subsection (1), an \r\n                                              eligible security may be deposited \r\n                                              at the depository after the \r\n                                              admission date at any time subject \r\n                                              to the additional fees, that may \r\n                                              be imposed under the central \r\n                                              securities depository rules.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Receipt of certificates of \r\n                                              eligible securities for safe \r\n                                              custody </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.2pt; text-autospace: none; margin-left: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              17. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depository may prescribe a \r\n                                              date by notice after which a \r\n                                              member of a stock exchange may not \r\n                                              receive a certificate representing \r\n                                              an eligible security for safe \r\n                                              custody. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 33.35pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A depository shall give notice \r\n                                              to the public of the date \r\n                                              prescribed. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .45pt; margin-right: .95pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Liability of a central securities \r\n                                              depository for loss or damage of \r\n                                              certificates 18. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depository and its \r\n                                              participants are liable to a \r\n                                              depositor for any loss or damage \r\n                                              in respect of a certificate \r\n                                              deposited by a depositor with the \r\n                                              central securi­ties depository or \r\n                                              depository participant. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) Despite subsection (1), a \r\n                                              depository is not liable for loss \r\n                                              or damage of a certificate the \r\n                                              transfer of which is not capable \r\n                                              of registration. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: .2pt; margin-right: .2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) Subsection (2) shall not \r\n                                              relieve a depository participant \r\n                                              from any obli­gation imposed on \r\n                                              the depository participant by the \r\n                                              rules of a stock exchange-in its \r\n                                              capacity as a member of the stock \r\n                                              exchange to effect buying-in \r\n                                              resulting from a refusal of an \r\n                                              issuer to register a transfer.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Withdrawal of immobilised \r\n                                              securities </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.75pt; text-autospace: none; margin-left: .7pt; margin-right: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              19. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depositor may, withdraw a \r\n                                              security standing to the credit of \r\n                                              the depositor''s securities account \r\n                                              on application to the depository.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: .2pt; margin-right: .2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) Where an application for the \r\n                                              withdrawal of a deposited security \r\n                                              is made and the appropriate \r\n                                              notification and withdrawal \r\n                                              documents are received by the \r\n                                              issuer or its share registry in \r\n                                              accordance with the rules of the \r\n                                              central securities depository, the \r\n                                              issuer or its share registry, \r\n                                              shall complete and deliver to the \r\n                                              central securities depository \r\n                                              certificates in connection with \r\n                                              the transfer of the securities \r\n                                              within 14 days after the date of \r\n                                              receipt of the withdrawal \r\n                                              documents to be forwarded to the \r\n                                              participant. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 33.35pt; text-autospace: none; margin-left: .45pt; margin-right: .45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) Despite subsection (1) \r\n                                              withdrawals are not allowed for \r\n                                              government securities. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Trading of securities withdrawn \r\n                                              from central securities depository\r\n                                              </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.75pt; text-autospace: none; margin-left: .7pt; margin-right: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              20. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A person shall not trade \r\n                                              securities withdrawn from a \r\n                                              depository on a stock exchange \r\n                                              unless the security is \r\n                                              re-deposited in a depository.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: .2pt; margin-right: .2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A security which is \r\n                                              re-deposited with a central \r\n                                              securities depository shall not be \r\n                                              utilised to settle a transaction \r\n                                              which took place on a stock \r\n                                              exchange prior to the re-deposit \r\n                                              of that security. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 33.35pt; text-autospace: none; margin-left: .45pt; margin-right: .45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) Section 15 relating to \r\n                                              eligible securities shall apply in \r\n                                              respect of a re­deposited \r\n                                              security. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Withdrawal </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              of prescribed <b>securities \r\n                                              prohibited </b></span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.75pt; text-autospace: none; margin-left: .7pt; margin-right: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              21. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A person shall not withdraw \r\n                                              from a depository, security which \r\n                                              is pre­scribed as a dematerialised \r\n                                              security. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: .2pt; margin-right: .2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A stock exchange may, with the \r\n                                              prior approval of the Commission, \r\n                                              restrict or prohibit the \r\n                                              withdrawal of a security or class \r\n                                              of securities which is listed or \r\n                                              quoted by the stock exchange for a \r\n                                              period and in a manner as it \r\n                                              considers appropriate. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 33.35pt; text-autospace: none; margin-left: .45pt; margin-right: .45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) Where a stock exchange \r\n                                              restricts or prohibits the \r\n                                              withdrawal of book­entry \r\n                                              securities the stock exchange \r\n                                              shall </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.45pt; margin-right: 113.25pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              inform the depository of the \r\n                                              decision, and <i>(b) </i>give \r\n                                              notice to the public of </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -20.6pt; text-autospace: none; margin-left: 104.85pt; margin-right: .45pt">\r\n                                              <span style="font-family: Arial">(i) \r\n                                              the book-entry securities \r\n                                              restricted or prohibited from \r\n                                              withdrawal, and </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 84.2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (ii) the period of the restriction \r\n                                              or prohibition. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none">\r\n                                              <span style="font-family: Arial">&nbsp;</span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Dematerialisation of securities\r\n                                              </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.2pt; text-autospace: none; margin-right: 1.9pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              22. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depository may in \r\n                                              consultation with the Commission, \r\n                                              prescribe a period after which \r\n                                              securities or a class of \r\n                                              securities held or to be held by \r\n                                              the depository shall be \r\n                                              dematerialised in accordance with \r\n                                              the process laid down under the \r\n                                              central securities depository \r\n                                              rules. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .7pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) An issuer of a dematerialised \r\n                                              security shall be notified by the \r\n                                              depository, of the decision taken \r\n                                              in accordance with subsection (1).\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 33.6pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) An issuer of a dematerialised \r\n                                              security shall </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -20.85pt; text-autospace: none; margin-left: 105.35pt; margin-right: .95pt">\r\n                                              <span style="font-family: Arial">(i) \r\n                                              give notice to the public that the \r\n                                              security shall, on the \r\n                                              dematerialisation date, become a \r\n                                              dematerialised security; and\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -20.85pt; text-autospace: none; margin-left: 105.35pt; margin-right: .95pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (ii) take necessary steps to amend \r\n                                              its Regulations, deed of \r\n                                              establishment, trust deed, or \r\n                                              enabling statute, as the case may \r\n                                              be, to comply with this Act and \r\n                                              the central securities depository \r\n                                              rules within a period stipulated \r\n                                              in the notice upon being notified \r\n                                              of the decision. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .7pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (4) A notice of dematerialisation \r\n                                              shall specify a dematerialisation \r\n                                              date of not less than one month \r\n                                              from the date of publication of \r\n                                              the notice. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .95pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Central securities depository to \r\n                                              maintain official record of \r\n                                              depositors </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 12.0pt; text-autospace: none; margin-left: .95pt; margin-right: 1.4pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              23. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) Every issuer of a security \r\n                                              prescribed as a dematerialised \r\n                                              security, shall on or after the \r\n                                              dematerialisation date </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.95pt; margin-right: .7pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              surrender the physical register of \r\n                                              members or debenture holders to \r\n                                              the depository, and </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 66.95pt; margin-right: .45pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              provide information to the central \r\n                                              securities depository of any \r\n                                              member or debenture holder who \r\n                                              appears in the appropriate \r\n                                              register as a holder of a \r\n                                              certificate not already admitted \r\n                                              by the depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 36.2pt; text-autospace: none; margin-left: .95pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A depository shall maintain an \r\n                                              official Register which shall \r\n                                              include the name and particulars \r\n                                              of </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.95pt; margin-right: .7pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              each depositor with a security \r\n                                              credited to a securities account \r\n                                              held by the depositor, and </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 66.95pt; margin-right: .45pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              each member or debenture holder \r\n                                              whose name appear under the \r\n                                              appropriate register of members or \r\n                                              debenture holders of the company.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .7pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) Despite sections 32 and 96 of \r\n                                              the Companies Code relating to \r\n                                              register of members and debenture \r\n                                              holders, a record of depositors \r\n                                              maintained shall </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.4pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              contain information in \r\n                                              computerised record form; and\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.95pt; margin-right: .7pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              contain any other information as \r\n                                              may be required under the central \r\n                                              security depository rules. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 33.1pt; text-autospace: none; margin-right: 2.45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (4) This section shall not apply \r\n                                              to any bearer security, or be \r\n                                              construed as making the depository \r\n                                              an agent of the issuer for the \r\n                                              purpose of providing registra­tion \r\n                                              services. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Issuer not to issue certificates \r\n                                              in respect of dematerialised \r\n                                              securities </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.5pt; text-autospace: none; margin-left: .2pt; margin-right: 1.25pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              24. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              An issuer shall not issue a \r\n                                              certificate in respect of a \r\n                                              dematerialised security after the \r\n                                              dematerialisation date. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Effect </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              of reference <b>to records in a \r\n                                              central securities depository </b>\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 11.75pt; text-autospace: none; margin-right: 1.95pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              25. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) With effect from the date of \r\n                                              dematerialisation and despite the \r\n                                              provi­sions of the Companies Code \r\n                                              or the Regulations of the issuer, \r\n                                              a reference in respect of a \r\n                                              dematerialised security to </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: .5pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">a \r\n                                              register of members or debenture \r\n                                              holders including branch \r\n                                              registers, maintained by a company \r\n                                              under the Companies Code is a \r\n                                              reference to the record of \r\n                                              depositors maintained by the \r\n                                              depository, </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: .5pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">a \r\n                                              transfer of shares or debentures \r\n                                              under the Companies Code is a \r\n                                              reference to a book-entry transfer \r\n                                              performed by the depository, and\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: .5pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (c) a certificate, or an \r\n                                              instrument of transfer \r\n                                              representing any security which is \r\n                                              used as prima facie evidence of \r\n                                              ownership of that security is a \r\n                                              reference to a statement of \r\n                                              account issued by the central \r\n                                              securities depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 36.0pt; text-autospace: none; margin-left: .2pt; margin-right: 1.25pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) Sections 32 and 96 of the \r\n                                              Companies Code shall not apply to \r\n                                              a dematerialised security. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Application to collective \r\n                                              investment schemes </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.5pt; text-autospace: none; margin-left: .2pt; margin-right: 1.25pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              26. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) With effect from the \r\n                                              dematerialisation date and despite \r\n                                              any provision in a trust deed of a \r\n                                              collective investment scheme, a \r\n                                              reference to </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.0pt; margin-right: .75pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">a \r\n                                              register of a collective \r\n                                              investment scheme, is a reference \r\n                                              to the record of depositors \r\n                                              maintained by the depository,\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: .5pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">a \r\n                                              transfer of interest in a \r\n                                              collective investment scheme from \r\n                                              one investor to another, is a \r\n                                              reference to a book-entry transfer \r\n                                              by the central securities \r\n                                              depository, and </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.0pt; margin-right: .75pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (c) a certificate issued as \r\n                                              evidence of an interest in a \r\n                                              collective investment scheme, is a \r\n                                              statement of account issued by the \r\n                                              depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Rules in respect of dematerialised \r\n                                              securities </span></b></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 12.45pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              27. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              The Commission may prescribe rules \r\n                                              in respect of dematerialised \r\n                                              securities </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 66.2pt; margin-right: .5pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              to effect the replacement of \r\n                                              physical registers with book-entry \r\n                                              records where the dematerialised \r\n                                              security is a security other than \r\n                                              a share or debenture under the \r\n                                              Companies Code, or an interest in \r\n                                              a collective investment scheme, \r\n                                              and </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 65.45pt; margin-right: 3.6pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              to specify forms for recording \r\n                                              interest in securities standing to \r\n                                              the credit of any depositor before \r\n                                              the dematerialisation date. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .45pt; margin-right: 78.95pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Securities accounts and records\r\n                                              </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              Dealers in book-entry securities \r\n                                              to hold securities account </span>\r\n                                              </b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.75pt; text-autospace: none; margin-left: .45pt; margin-right: 3.35pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              28. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A person shall not deal in \r\n                                              book-entry securities unless the \r\n                                              person holds a securities account \r\n                                              with a central securities \r\n                                              depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .45pt; margin-right: 1.2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A depository may establish \r\n                                              different types of securities \r\n                                              accounts for different classes of \r\n                                              persons or securities. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 33.3pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) An entry in a securities \r\n                                              account in respect of a \r\n                                              transaction shall </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.65pt; margin-right: 1.4pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              in the case of a securities \r\n                                              account established and maintained \r\n                                              directly by a central securities \r\n                                              depository be considered to have \r\n                                              been made by, or with the \r\n                                              authority of, the central \r\n                                              securities depository; and </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.65pt; margin-right: 1.4pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              in the case of a securities \r\n                                              account established through, and \r\n                                              maintained by a depository agent \r\n                                              on behalf of a depository, be \r\n                                              considered as having been made by, \r\n                                              or with the authority of, the \r\n                                              depository agent. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 36.65pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (4) A record of an entry in a \r\n                                              securities account in respect of a \r\n                                              transaction </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .65pt">\r\n                                              <span style="font-family: Arial">\r\n                                              in book-entry securities shall be \r\n                                              prima facie evidence of the \r\n                                              matters recorded. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .9pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Issuance of statements of accounts\r\n                                              </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.2pt; text-autospace: none; margin-left: .45pt; margin-right: 2.15pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              29. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depository shall issue \r\n                                              statements of accounts to \r\n                                              depositors, in respect of \r\n                                              book-entry securities held by or \r\n                                              registered in the name of the \r\n                                              depository or its nominee company \r\n                                              for the depositors at a time and \r\n                                              in a manner prescribed. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 33.1pt; text-autospace: none; margin-left: .45pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) Despite subsection (1), a \r\n                                              depositor may, require the \r\n                                              depository to issue by written \r\n                                              notice to the depositor, a \r\n                                              statement of accounts in respect \r\n                                              of book-en try securities held by \r\n                                              or registered in the name of the \r\n                                              depository or its nominee com­pany \r\n                                              on behalf of the depositor. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 33.1pt; text-autospace: none; margin-left: .45pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) A depository shall on receipt \r\n                                              of a written notice and upon \r\n                                              payment of charges which may be \r\n                                              imposed under the central \r\n                                              securities depository rules, issue \r\n                                              to the depositor the statement of \r\n                                              account required. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .45pt; margin-right: 1.2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (4) A statement of accounts issued \r\n                                              under this section is evidence of \r\n                                              truth of the matters specified in \r\n                                              that statement of account. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -11.75pt; text-autospace: none; margin-left: 12.65pt; margin-right: 22.05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Duty of central securities \r\n                                              depository to keep records and \r\n                                              accounts </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -11.75pt; text-autospace: none; margin-left: 12.65pt; margin-right: 22.05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              30. </span></b>\r\n                                              <span style="font-family: Arial">A \r\n                                              depository shall keep records and \r\n                                              accounts to show particulars of .\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.65pt; margin-right: 1.4pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              transfers of book-entry securities \r\n                                              to and from a securities account,\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.65pt; margin-right: 1.4pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              income received from commissions, \r\n                                              fees, charges and other sources, \r\n                                              and expenses, commissions, and \r\n                                              other payments made or paid by the \r\n                                              central securities depository, and\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 6.75pt; text-autospace: none; margin-left: 36.0pt; margin-right: 4.1pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              assets and liabilities including \r\n                                              contingent liabilities of the \r\n                                              central securities depository.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 9.0pt; text-autospace: none; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Audit of records and accounts\r\n                                              </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 9.0pt; text-autospace: none; margin-right: 4.35pt">\r\n                                              <span style="font-family: Arial">\r\n                                              31. (1) A depository shall cause \r\n                                              an audit to be conducted in \r\n                                              respect of its records and \r\n                                              accounts at the end of each \r\n                                              financial year. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 9.0pt; text-autospace: none; margin-right: 4.35pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) The audit shall include a \r\n                                              verification of the accuracy of \r\n                                              the details shown in the records \r\n                                              and accounts. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 9.0pt; text-autospace: none; margin-right: 4.1pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) The depository shall submit a \r\n                                              copy of a duly certified audit \r\n                                              report to the Commission within \r\n                                              ninety days after the end of the \r\n                                              financial year. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 9.0pt; text-autospace: none; margin-right: 1.0pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (4) The Commission may, by notice \r\n                                              in writing, direct that an audit \r\n                                              be con­ducted of an aspect of or \r\n                                              all of a central depository''s \r\n                                              operations at the expense of the \r\n                                              central security depository.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 9.0pt; text-autospace: none; margin-right: 80.45pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              Securities transactions and \r\n                                              entries </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              Evidence of transactions in \r\n                                              respect of deposited securities\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 9.0pt; text-autospace: none; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              32. A transaction in respect of a \r\n                                              deposited security by a depositor\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 9.0pt; text-autospace: none; margin-right: 4.1pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              whether accompanied by an \r\n                                              instrument or not shall be by \r\n                                              entry in the securities account of \r\n                                              the depositor, and </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 9.0pt; text-autospace: none; margin-right: .75pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              shall include a deposit of an \r\n                                              eligible security and a trade or \r\n                                              transfer of a book-entry from a \r\n                                              securities account to another \r\n                                              securities account maintained by \r\n                                              the depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 9.0pt; text-autospace: none; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Provision of record of depositors \r\n                                              to issuers </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 9.0pt; text-autospace: none; margin-right: 2.45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              33. (1) An issuer of a book-entry \r\n                                              security may by written notice \r\n                                              require a depository to furnish it \r\n                                              with a record of the depositors in \r\n                                              whose securities accounts, \r\n                                              securities are credited as at the \r\n                                              date of the notice. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 9.0pt; text-autospace: none; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A record of depositors </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 9.0pt; text-autospace: none; margin-right: .75pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              required by an issuer shall be \r\n                                              issued by the depository within \r\n                                              the period specified in the notice \r\n                                              and in any case before the expiry \r\n                                              of a period specified under the \r\n                                              central securities depository \r\n                                              rules; </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 9.0pt; text-autospace: none; margin-right: .75pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              issued in response to a request \r\n                                              made by an issuer shall contain \r\n                                              the name, identity card, passport \r\n                                              number or company number and \r\n                                              statement or the number of \r\n                                              book-entry securities held in \r\n                                              favour of each depositor; </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 9.0pt; text-autospace: none; margin-right: .75pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              obtained by an issuer shall be \r\n                                              available for inspection by a \r\n                                              member of an issuer without the \r\n                                              payment of a fee but may be \r\n                                              inspected by any other person on \r\n                                              payment of a fee to the \r\n                                              depository, in respect of each \r\n                                              inspection. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 9.0pt; text-autospace: none; margin-right: 1.0pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) A member of an issuer or any \r\n                                              other person may require the \r\n                                              issuer to furnish him with a copy \r\n                                              of the record of depositors or a \r\n                                              part of it on the payment of a \r\n                                              fee, commensurate to the quantum \r\n                                              of information requested. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none">\r\n                                              <span style="font-family: Arial">\r\n                                              &nbsp;(4) The copy of the record of \r\n                                              depositors, or a part of it shall \r\n                                              be supplied t( the person who \r\n                                              required the copy within a period \r\n                                              of twenty-one days or within c . \r\n                                              longer period that the Commission \r\n                                              considers reasonable after the \r\n                                              date of receipt 0 the request by \r\n                                              the issuer. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 5.25pt">\r\n                                              <span style="font-family: Arial">\r\n                                              Depositor to be treated as member \r\n                                              or debenture holder </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 12.0pt; text-autospace: none; margin-left: 4.3pt">\r\n                                              <span style="font-family: Arial">\r\n                                              34. (1) A depository shall be the \r\n                                              registered owner of a security for \r\n                                              the &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;purposes of \r\n                                              effecting transfer of ownership of \r\n                                              that security on behalf of a \r\n                                              depositor. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: 4.8pt; margin-right: 16.8pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A depository as a registered \r\n                                              owner shall not have voting rights \r\n                                              or any other rights in respect of \r\n                                              securities held by it. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: 5.25pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) A depositor of a book-entry \r\n                                              security whose name appears in the \r\n                                              recon of depositors is entitled to \r\n                                              rights, benefits, powers and \r\n                                              privileges and to liabilities \r\n                                              duties and obligations in respect \r\n                                              of the security as if the \r\n                                              depositor were a member or \r\n                                              debenture holder registered in an \r\n                                              appropriate register maintained by \r\n                                              the issuer 0 the security, in \r\n                                              accordance with the Companies Code \r\n                                              or any other law. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 5.75pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (4) Despite the Companies Code, a \r\n                                              depositor is not entitled to \r\n                                              attend general meeting of a \r\n                                              company, speak or vote at the \r\n                                              meeting unless the depositor'' name \r\n                                              appears on the depository register \r\n                                              forty-eight hours prior to the \r\n                                              general meeting (5) A depository \r\n                                              or its nominee company shall not \r\n                                              have an interest i deposited \r\n                                              securities registered in its name, \r\n                                              or be a bare trustee. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: 5.25pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (6) For the purpose of this \r\n                                              section, &quot;deposited security&quot; does \r\n                                              not include security specified in \r\n                                              the securities account as being in \r\n                                              suspension under this Act c rules \r\n                                              made by the Commission. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 5.25pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Register of Depositors </span></b>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 5.75pt">\r\n                                              <span style="font-family: Arial">\r\n                                              35. (1) Persons named as \r\n                                              depositors in a Register of De \r\n                                              positors shall, for the period \r\n                                              that the deposited securities are \r\n                                              entered against their names in the \r\n                                              Register b <i>(a) </i>members of \r\n                                              the company in respect of the \r\n                                              amount of deposited securities \r\n                                              entered against their respective \r\n                                              names in the Register c \r\n                                              Depositors; or </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 72.2pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              holders of the amount of the \r\n                                              issuer''s deposited securities \r\n                                              other that shares entered against \r\n                                              their names in the Register of \r\n                                              Depositors. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 42.45pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) This Act shall not affect\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 72.2pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the obligation of a company to \r\n                                              keep a register of its members, an \r\n                                              allow inspection of the register \r\n                                              under the Companies Code; </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 72.45pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the obligation of a company to \r\n                                              keep a register of holders ( \r\n                                              debentures issued by the company \r\n                                              and allow inspection of the \r\n                                              register under the Companies Code;\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 72.2pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the obligation of all issuer other \r\n                                              than a company to keep a register \r\n                                              ( the holders of securities issued \r\n                                              by the issuer; </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 65.0pt; margin-right: 4.05pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (d) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the right of a depositor to \r\n                                              withdraw documents showing title \r\n                                              to securities, from the depository \r\n                                              at anytime in accordance with the \r\n                                              central securities depository \r\n                                              rules and to register them in the \r\n                                              depositor''s name; or </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 65.0pt; margin-right: 4.05pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (e) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              the enjoyment of a right, power or \r\n                                              privilege, or the imposition of a \r\n                                              liability, duty or obligation \r\n                                              under the Companies Code, or any \r\n                                              other enactment, instrument, or \r\n                                              Regulations of a company on a \r\n                                              depositor, as a member of a \r\n                                              company or as a holder of \r\n                                              debentures or securities, except \r\n                                              to the extent provided for in this \r\n                                              Act or prescribed by regulations \r\n                                              made under this Act. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 1.65pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Termination and set-off </span>\r\n                                              </b></p>\r\n                                              <p class="MsoNormal" style="text-indent: -28.55pt; text-autospace: none; margin-left: 40.8pt; margin-right: 35.5pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              36. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) The Central Securities \r\n                                              Depository may terminate its \r\n                                              agreement <i>, (a) </i>to clear or \r\n                                              settle securities transactions, or\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.95pt; margin-right: .95pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              to act as a depository for \r\n                                              securities </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .7pt; margin-right: 2.85pt">\r\n                                              <span style="font-family: Arial">\r\n                                              with an insolvent participant or \r\n                                              with a participant in respect of \r\n                                              whom insolvency or bankruptcy \r\n                                              proceedings are commenced. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 36.0pt; text-autospace: none; margin-left: .95pt; margin-right: 2.6pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) Where the central securities \r\n                                              depository terminates its \r\n                                              agreement, the depository may\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.95pt; margin-right: .95pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              set-off obligations between the \r\n                                              insolvent participant and the \r\n                                              depository in accordance with the \r\n                                              provisions of the agreement, and\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.95pt; margin-right: .95pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              if there is a net termination sum \r\n                                              owed to the depository by the \r\n                                              insolvent participant, the \r\n                                              depository shall be considered as \r\n                                              a creditor of the insolvent \r\n                                              participant in respect of that net \r\n                                              termination sum. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 36.2pt; text-autospace: none; margin-left: 1.4pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) The depository may realise \r\n                                              assets of the insolvent or \r\n                                              bankrupt partici­pant because of a \r\n                                              pledge in favour of the central \r\n                                              securities depository or because \r\n                                              of the central securities \r\n                                              depository rules or guarantees \r\n                                              established by the depository in \r\n                                              accordance with the central \r\n                                              securities depository rules.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 1.65pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Prohibition in dealings in \r\n                                              book-entry securities </span></b>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.0pt; text-autospace: none; margin-left: 2.15pt; margin-right: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              37. </span></b>\r\n                                              <span style="font-family: Arial">A \r\n                                              depository shall not purchase, \r\n                                              acquire, or deal in book-entry \r\n                                              securities as principal other than \r\n                                              for a purpose and in a manner that \r\n                                              may be permitted by the \r\n                                              Commission. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 1.65pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Public offer of securities </span>\r\n                                              </b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.0pt; text-autospace: none; margin-left: 2.15pt; margin-right: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              38. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) Where a stock exchange or a \r\n                                              depository prescribes any \r\n                                              securities pro­posed to be listed \r\n                                              or quoted on a stock exchange to \r\n                                              be immobilised or dematerialised, \r\n                                              the issuer of the security shall \r\n                                              notify the public that the \r\n                                              security is prescribed in the \r\n                                              prospectus or other offer document \r\n                                              issued. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .45pt; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) Upon completion of the \r\n                                              allotment or allocation of the \r\n                                              security, the issuer or offer or \r\n                                              shall </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 65.75pt; margin-right: .05pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              confirm with the central \r\n                                              securities depository the record \r\n                                              of the successful applicants \r\n                                              together with information required \r\n                                              by the central securities \r\n                                              depository in order to make \r\n                                              appropriate entries in the \r\n                                              securities accounts of the \r\n                                              respective applicants, and </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 65.75pt; margin-right: .05pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              deliver to the central securities \r\n                                              depository the certificates, if \r\n                                              any, in denominations specified by \r\n                                              the central depository registered \r\n                                              in the name of the central \r\n                                              securities depository or its \r\n                                              nominee company. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 33.35pt; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) For the purposes of this \r\n                                              section </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.75pt; text-autospace: none; margin-left: 66.0pt; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              &quot;offer or in relation to a \r\n                                              security&quot; means the person \r\n                                              offering the security for sale.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 65.75pt; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              &quot;a reference to a security \r\n                                              proposed to be listed on a stock \r\n                                              exchange'' means a reference to a \r\n                                              security which has been approved \r\n                                              by the Commission to be listed on \r\n                                              the stock exchange. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Corporate actions </span></b></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 12.0pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              39. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) Where an issuer, in relation \r\n                                              to book-entry securities </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 65.75pt; margin-right: .05pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              makes a bonus issue of shares by \r\n                                              way of an increase in its total \r\n                                              issued capital, or issue \r\n                                              securities because of a rights \r\n                                              issue or the conversion of debt \r\n                                              securities, or </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.75pt; text-autospace: none; margin-left: 66.0pt; margin-right: .05pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              issues securities because of an \r\n                                              exercise of a right or option to \r\n                                              acquire securities in the share \r\n                                              capital of the issuer. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              the issuer shall notify the \r\n                                              central securities depository and \r\n                                              deliver to the central securities \r\n                                              depository </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -19.9pt; text-autospace: none; margin-left: 104.6pt; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">(i). \r\n                                              a confirmed list of the names of \r\n                                              the allottees for the purpose of \r\n                                              amendment of the securities \r\n                                              accounts held by the allottee, and\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -19.9pt; text-autospace: none; margin-left: 104.6pt; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (ii) the appropriate certificates, \r\n                                              if any, in denominations that may \r\n                                              be specified by the central \r\n                                              securities depository registered \r\n                                              in the name of the central \r\n                                              securities depository or its \r\n                                              nominee company. </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.85pt; text-autospace: none; margin-left: .45pt; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A prospective allottee shall, \r\n                                              open a securities account with the \r\n                                              central: securities depository \r\n                                              before acquiring any security.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .2pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Underwriters to open securities \r\n                                              accounts </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 11.75pt; text-autospace: none; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              40. </span></b>\r\n                                              <span style="font-family: Arial">A \r\n                                              person who intends to underwrite \r\n                                              securities proposed to be listed \r\n                                              on : stock exchange, or rights \r\n                                              issue in respect of a book-entry \r\n                                              security, shall open &nbsp;securities \r\n                                              account with the central \r\n                                              securities depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .7pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Charging of securities </span></b>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.0pt; text-autospace: none; margin-right: 2.2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              41. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) Where a security deposited \r\n                                              with a depository is charged by a \r\n                                              depositor referred to as &quot;the \r\n                                              charger&quot; in favour of a person \r\n                                              referred to as &quot;the chargee&quot; the \r\n                                              chargee or the nominee of the \r\n                                              chargee shall create a security \r\n                                              interest in the security which is \r\n                                              the subject of the charge. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.6pt; text-autospace: none; margin-left: .2pt; margin-right: 2.2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A security interest in \r\n                                              deposited securities to secure the \r\n                                              payment of a debt or liability may \r\n                                              be created in favour of a chargee \r\n                                              upon the request of the chargee by \r\n                                              an instrument of charge in the \r\n                                              form prescribed under the central \r\n                                              securities depository rules \r\n                                              executed by the charger. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.6pt; text-autospace: none; margin-left: .2pt; margin-right: 2.2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) Subject to this Act or to \r\n                                              rules made by the Commission, a \r\n                                              security interest shall not be \r\n                                              created in deposited securities.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.6pt; text-autospace: none; margin-left: .45pt; margin-right: 2.2pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (4) An instrument of charge that \r\n                                              creates a security interest in a \r\n                                              deposited security in favour of \r\n                                              another person shall be deposited \r\n                                              with the central securities \r\n                                              depository where the securities \r\n                                              charged are held, for \r\n                                              registration. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 35.75pt; text-autospace: none; margin-left: .45pt; margin-right: 1.7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (5) The central securities \r\n                                              depository agent shall on receipt \r\n                                              of the instrument of charge \r\n                                              deposited register the instrument \r\n                                              in a register of charges \r\n                                              maintained by the central security \r\n                                              depository. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 35.75pt; text-autospace: none; margin-left: .45pt; margin-right: 1.7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (6) If a charge over a deposited \r\n                                              security is being discharged or \r\n                                              released, the central securities \r\n                                              depository or its agent, shall on \r\n                                              receipt of a notice of the charge \r\n                                              confirm the discharge or release \r\n                                              and transfer the deposited \r\n                                              security into the securities \r\n                                              account of the charger. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 36.2pt; margin-right: .05pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (7) This section shall not </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.45pt; margin-right: .75pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              apply to floating charges, </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.75pt; text-autospace: none; margin-left: 66.2pt; margin-right: 1.25pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              affect the validity and operation \r\n                                              of floating charges in respect of \r\n                                              deposited securities created under \r\n                                              any law, and </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 66.2pt; margin-right: .05pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              be construed to require the \r\n                                              central securities depository to \r\n                                              monitor, protect or give effect to \r\n                                              an agreement or memorandum made \r\n                                              between the charger and the \r\n                                              chargee in respect of a charge; \r\n                                              but the central securities \r\n                                              depository or its agent, may \r\n                                              require the charger or chargee to \r\n                                              provide a supporting document \r\n                                              ofthe charger on the creation of \r\n                                              the security interest by way of \r\n                                              the charge. </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .95pt; margin-right: .05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Securities in or under suspense\r\n                                              </span></b></p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.5pt; text-autospace: none; margin-left: .95pt; margin-right: 1.7pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              42. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) A depository may specify a \r\n                                              deposited securities account to be \r\n                                              in suspense </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 48.45pt; margin-right: .75pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              where the transfer of the security \r\n                                              in the name of the central \r\n                                              securities depository or its \r\n                                              nominee company is not registrable \r\n                                              by the issuer, <i>(b) </i>where an \r\n                                              application for withdrawal of the \r\n                                              security has been made by a \r\n                                              depositor, or </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.75pt; text-autospace: none; margin-left: 66.2pt; margin-right: 1.25pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              in circumstances prescribed by the \r\n                                              depository under the central \r\n                                              securities depository rules.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none">\r\n                                              <span style="font-family: Arial">&nbsp;</span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 32.6pt; text-autospace: none; margin-left: .2pt; margin-right: 2.15pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A depository may specify that \r\n                                              a book-entry security in a \r\n                                              security account is under suspense\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 65.75pt; margin-right: 1.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              where there is a need for the \r\n                                              central securities depository to \r\n                                              restrict the transfer, charge or \r\n                                              mortgage of the security in the \r\n                                              event of an objection or \r\n                                              investigation made in accordance \r\n                                              with the central securities \r\n                                              depository rules, and </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 65.75pt; margin-right: 1.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              where the depository has been \r\n                                              instructed to restrict the \r\n                                              movement of book -entry transfers \r\n                                              by the Commission or by a court of \r\n                                              competent jurisdiction. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 73.9pt; text-autospace: none; margin-left: .45pt; margin-right: 76.05pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Security, secrecy and \r\n                                              investigation provisions </span>\r\n                                              </i></b></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-right: 76.05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Security measures </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.0pt; text-autospace: none; margin-left: .2pt; margin-right: 1.2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              43. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              Each depository and its depository \r\n                                              agent shall take reasonable \r\n                                              measures to protect information \r\n                                              and documents related to the \r\n                                              affairs of depositors and in \r\n                                              par­ticular, related to their \r\n                                              securities accounts, against \r\n                                              unauthorised access by persons.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .7pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Duty to maintain secrecy </span>\r\n                                              </b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.0pt; text-autospace: none; margin-left: .2pt; margin-right: 1.2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              44. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) Subject to this Act, a \r\n                                              director, officer, employee or \r\n                                              agent ofa central securities \r\n                                              depository or any other person who \r\n                                              has access to information or \r\n                                              docu­ment related to the affairs \r\n                                              of a depositor and securities \r\n                                              accounts of a depositor shall not \r\n                                              disclose the information or the \r\n                                              contents of a document to another \r\n                                              person. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: .7pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A person who has information, \r\n                                              which to that person''s knowledge \r\n                                              was disclosed in contravention of \r\n                                              subsection (1) shall inform the \r\n                                              depository of the dis­closure.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: .7pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) A person who contravenes this \r\n                                              section commits an offence and is \r\n                                              liable on summary conviction to a \r\n                                              fine of five hundred penalty units \r\n                                              or imprisonment for a term of not \r\n                                              less than three years, or to both.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .7pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Permitted disclosures </span></b>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.5pt; text-autospace: none; margin-left: 1.2pt; margin-right: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              45. </span></b>\r\n                                              <span style="font-family: Arial">A \r\n                                              person shall not disclose \r\n                                              information or a document in \r\n                                              respect of deposited securities to \r\n                                              another person except </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.2pt; margin-right: .45pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              if the depositor, the depositor''s \r\n                                              authorised agent or personal \r\n                                              representative, has given \r\n                                              permission in writing for the \r\n                                              disclosure, <i>(b) </i>in a case \r\n                                              where the depositor is declared \r\n                                              bankrupt, or, if the depositor is \r\n                                              a company or body corporate, that \r\n                                              depositor is being or has been \r\n                                              wound up in Ghana or in any \r\n                                              country outside Ghana; </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.95pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              for the purpose of instituting \r\n                                              civil proceedings or in the course \r\n                                              of any civil proceedings </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -20.85pt; text-autospace: none; margin-left: 105.8pt">\r\n                                              <span style="font-family: Arial">(i) \r\n                                              between a depository or its agent \r\n                                              and a depositor relating to the \r\n                                              securities account of the \r\n                                              depositor, or </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: 36.0pt; text-autospace: none; margin-left: 48.25pt; margin-right: 2.15pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A depository may specify that \r\n                                              a book-entry security in a \r\n                                              security account is under suspense\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 65.75pt; margin-right: 1.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              where there is a need for the \r\n                                              central securities depository to \r\n                                              restrict the transfer, charge or \r\n                                              mortgage of the security in the \r\n                                              event of an objection or \r\n                                              investigation made in accordance \r\n                                              with the central securities \r\n                                              depository rules, and </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.5pt; text-autospace: none; margin-left: 65.75pt; margin-right: 1.9pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (b) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              where the depository has been \r\n                                              instructed to restrict the \r\n                                              movement of book -entry transfers \r\n                                              by the Commission or by a court of \r\n                                              competent jurisdiction. </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 73.9pt; text-autospace: none; margin-left: .45pt; margin-right: 76.05pt">\r\n                                              <b><i>\r\n                                              <span style="font-family: Arial">\r\n                                              Security, secrecy and \r\n                                              investigation provisions </span>\r\n                                              </i></b></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-right: 76.05pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Security measures </span></b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.0pt; text-autospace: none; margin-left: .2pt; margin-right: 1.2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              43. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              Each depository and its depository \r\n                                              agent shall take reasonable \r\n                                              measures to protect information \r\n                                              and documents related to the \r\n                                              affairs of depositors and in \r\n                                              par­ticular, related to their \r\n                                              securities accounts, against \r\n                                              unauthorised access by persons.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .7pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Duty to maintain secrecy </span>\r\n                                              </b></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 12.0pt; text-autospace: none; margin-left: .2pt; margin-right: 1.2pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              44. </span></b>\r\n                                              <span style="font-family: Arial">\r\n                                              (1) Subject to this Act, a \r\n                                              director, officer, employee or \r\n                                              agent of a central securities \r\n                                              depository or any other person who \r\n                                              has access to information or \r\n                                              docu­ment related to the affairs \r\n                                              of a depositor and securities \r\n                                              accounts of a depositor shall not \r\n                                              disclose the information or the \r\n                                              contents of a document to another \r\n                                              person. </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: .7pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (2) A person who has information, \r\n                                              which to that person''s knowledge \r\n                                              was disclosed in contravention of \r\n                                              subsection (1) shall inform the \r\n                                              depository of the dis­closure.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: 32.85pt; text-autospace: none; margin-left: .7pt; margin-right: .7pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (3) A person who contravenes this \r\n                                              section commits an offence and is \r\n                                              liable on summary conviction to a \r\n                                              fine of five hundred penalty units \r\n                                              or imprisonment for a term of not \r\n                                              less than three years, or to both.\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: .7pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              Permitted disclosures </span></b>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: 11.5pt; text-autospace: none; margin-left: 1.2pt; margin-right: .45pt">\r\n                                              <b>\r\n                                              <span style="font-family: Arial">\r\n                                              45. </span></b>\r\n                                              <span style="font-family: Arial">A \r\n                                              person shall not disclose \r\n                                              information or a document in \r\n                                              respect of deposited securities to \r\n                                              another person except </span></p>\r\n                                              <p class="MsoNormal" style="text-autospace: none; margin-left: 49.2pt; margin-right: .45pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (a) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              if the depositor, the depositor''s \r\n                                              authorised agent or personal \r\n                                              representative, has given \r\n                                              permission in writing for the \r\n                                              disclosure, <i>(b) </i>in a case \r\n                                              where the depositor is declared \r\n                                              bankrupt, or, if the depositor is \r\n                                              a company or body corporate, that \r\n                                              depositor is being or has been \r\n                                              wound up in Ghana or in any \r\n                                              country outside Ghana; </span></p>\r\n                                              <p class="MsoNormal" style="text-indent: -17.5pt; text-autospace: none; margin-left: 66.95pt">\r\n                                              <i>\r\n                                              <span style="font-family: Arial">\r\n                                              (c) </span></i>\r\n                                              <span style="font-family: Arial">\r\n                                              for the purpose of instituting \r\n                                              civil proceedings or in the course \r\n                                              of any civil proceedings </span>\r\n                                              </p>\r\n                                              <p class="MsoNormal" style="text-indent: -20.85pt; text-autospace: none; margin-left: 105.8pt">\r\n                                              <span style="font-family: Arial">(i) \r\n                                              between a depository or its agent \r\n                                              and a depositor relating to the \r\n                                              securities account of the \r\n                                              depositor, or </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -20.85pt; text-autospace: none; margin-left: 103.4pt; margin-right: 2.85pt">\r\n                                              <span style="font-family: Arial">\r\n                                              (ii) between a central securities \r\n                                              depository or its agent and two or \r\n                                              more parties making adverse claims \r\n                                              to securities or monies in the \r\n                                              securities account of the \r\n                                              depositor, where the agent seeks \r\n                                              relief by way of interpleader,\r\n                                              </span></p>\r\n                                              <p class="MsoNormal" style="text-align: justify; text-indent: -17.75pt; text-autospace: none; margin-left: 65.75pt; margin-right: 1.65pt">\r\n                                  