Trustee Ordinance

(1)
On the receipt of an application under
section 77
, the Registrar of Companies shall make such inquiry as he deems necessary, and, if satisfied that all the requirements of
section 77
have been complied with, shall register the company applying for registration as a trust company in the register prescribed by
section 79
and shall issue to it a certificate that the company is registered as a trust company, and thereupon the company shall be invested with all the powers, privileges and immunities and shall be subject to all the liabilities imposed by this Part.
(2)
Notice of the issue of such certificate shall be published by the Registrar of Companies in the Gazette for 4 consecutive weeks next following the issue.
(3)
If the Registrar of Companies is not satisfied that all the requirements of
section 77
have been complied with, he shall refuse to register the company as a trust
company:
Provided that the company may appeal from such refusal to the Chief Executive in Council, whose decision shall be final.
(Amended
18 of 1999 s. 3
)