4. Issue of certificate
Feedback & supportOn receipt of an application under section 3, the Registrar shall make such inquiry as he thinks necessary, and if satisfied that all the requirements of that section have been complied with, shall register the company applying for registration in the register prescribed by section 6 and 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 Act.
Registrar
“Registrar” means the Registrar or other officer performing under the Companies Act the duty of registration of companies;
Notice of the issue of such certificate shall be published by the Registrar in the Gazette for 4 consecutive weeks next following the issue.
If the Registrar is not satisfied that all the requirements of section 3 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 Minister, whose decision shall be final.
trust company
“trust company” means a company registered as a trust company under this Act.