The Laws of Fiji
Search
Last Updated: 16 October 2023
AN ACT TO ESTABLISH THE FIJI DEVELOPMENT BANK AND FOR PURPOSES CONNECTED THEREWITH
[FDB 34] Examination34
34
- (a)make or cause to be made such examination as to the affairs of the borrower or his or her business as it considers necessary; and
- (b)require financial statements in such detail as it may determine to be submitted by the borrower at such intervals as it may require.
(2) The Bank may appoint any of its officers or any other person or persons authorised in writing by the Bank to make an examination under the provisions of this section, and the borrower shall produce to such officer or person all the relevant books, documents and other matters and things necessary for purposes of the examination.
(3) Any officer of the Bank appointed under the provisions of this section or any other person authorised in writing by the Bank in that behalf may, at all reasonable times, enter upon any land or premises in respect of which any loan, advance or investment by the Bank has been made and may examine the same.
(4) Any person who—
- (a)fails to submit any financial statement or to produce any book, document or other matter or thing as required by or under the provisions of this section; or
- (b)wilfully obstructs any officer of the Bank or other authorised person in carrying out any examination under the provisions of this section, shall be guilty of an offence.