ADVOKS GLOBAL · KENYA
The Banking (Liquidation of Institutions) Regulations
8. Special provisions affecting examinations
Edition: 2022-12-31 · In force
8. Special provisions affecting examinations
(1)This regulation shall apply to any examination under regulation 7 and also to any examination under section 263 or section 265 of the Companies Act (Cap. 486) which is conducted in the course of the winding-up of any institution whether such winding-up commenced before or after the commencement of the Act.(2)No person shall be excused from examination by reason of the fact that any other proceedings, whether criminal or civil, are in progress or contemplated against him.(3)The official record of the evidence taken on any such examination may thereafter be used in evidence against any person examined in any civil proceedings and shall be open to the inspection of any creditor or contributory at all reasonable times.