Section 10, The Banking Act, 1964

(1) A licensed bank shall within three months afterthe making of any alteration in the memorandum and articles o association or other instrument under which it is incorporateo constitution. furnish to the Central Bank particulars in writing (verified by 3 statutory declaration made by a senior officer of the bank)of such alteration. (2) Any licensed bank which fails to comply with the requirements subsection (1) shall be guilty of an offence and, on conviction., be liable to a fine not exceeding fifty pounds for every day the default continues.