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Fees Payable by Licensed Trust Company:
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Vatu |
| 1 |
Every trust company to which a licence is granted shall, upon the issue of such licence pay to the Commission a fee of |
200,000 |
| 2 |
On or before each anniversary of the date on which a licence has been granted to a trust company shall, during the subsistence of that licence, pay to the Commission a fees of |
200,000 |
| 3 |
Any licensed trust company which fails to pay the fee provided by section 23 shall, in addition to any other penalty under this Act for such failure, be guilty of an offence and liable on conviction to a fine not exceeding VT15,000 for each day during which such fee remains unpaid and every officer of the trust company who knowingly and willfully authorizes or permits such failure to pay the fee shall be liable to a like conviction and fine. |