Central Bank of Bahrain Law: Contents

Central Bank of Bahrain and Financial Institutions Law 2006
Central Bank of Bahrain and Financial Institutions Law 2006 (English)
Central Bank of Bahrain and Financial Institutions Law
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Article (141) Duties of the Administrator

(a) The Administrator shall, within thirty days of his assuming the administration of a Licensee, make an inventory of the rights, assets and liabilities of the Licensee. A report of two copies should be prepared on such inventory, a copy of which shall be kept at the principal place of business of the Licensee in the Kingdom and shall be available for inspection by creditors and other interested parties. The other copy shall be kept at the Central Bank.
(b) The inventory report should be updated from time to time taking into consideration the requirements of the previous paragraph.
(c) The Administrator shall take all necessary measures, during the period of administration, to collect all of the entitlements due to the Licensee.
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(1 Version)
 
Sep 7 2006 onwards
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