Trustee Savings Banks Act, 1989
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Prohibition on carrying on of business of a trustee savings bank without a licence. |
11.—(1) A person, other than a person authorised so to do by a licence, shall not, on his own behalf or on behalf of any other person in or outside the State, carry on the business of a trustee savings bank or hold himself out or represent himself as carrying on such a business. | |
(2) For the purposes of this section, a person shall be deemed to hold himself out as carrying on the business of a trustee savings bank if he does an act specified in section 14 (2). | ||
(3) A person who contravenes this section shall be guilty of an offence. |