FAILED BANKS (RECOVERY OF DEBTS) AND FINANCIAL MALPRACTICES IN BANKS ACT
Section 21: Bail
(1) The Court shall have power to grant bail to an accused person charged with an offence under this Act or any other law triable by the Court upon such terms as the Court may deem fit including-
(a) the payment of a deposit of one quarter of the amount of money involved in the offence;
(b) the provision of a surety or such number of sureties who shall deposit adequate security for the balance of the amount involved in the offence; and
(c) the handing over of his passport to the Court for the duration of the bail.
(2) Notwithstanding the provisions of subsection (1) of this section, the police shall, before any person is charged before the Court for an offence under this Act, have power to grant bail to any person who is arrested or detained upon such terms and conditions as are reasonably necessary to ensure compliance with the provisions of subsection (1) (a)-(c) of this section.
[1999 No. 62.]
Cite this section
Section 21, FAILED BANKS (RECOVERY OF DEBTS) AND FINANCIAL MALPRACTICES IN BANKS ACT (1994).
https://repo.podus.ai/laws/failed-banks-recovery-of-debts-and-financial-malpractices-in-banks-act/section/21/