money in such manner, at such rate of interest and subject to such other terms and conditions
as the Board may approve;
(b)
issue securities in its own name and for its own account, and may buy, sell, or
otherwise deal in such securities with members of the public.
[NAMa15y1997s56]56
Authority to call for information
(1) The Bank may in writing direct any person(a)
to furnish the Bank periodically or otherwise, and before the date or within the
period specified in the direction, with such information as may be available to such person
and as the Board may consider necessary for the Bank to perform effectively its functions
under this Act;
(b)
subject to any other law, to submit to the Bank within the period specified in
the direction of any register, book or document in the possession or custody or under the
control of any such person which contains or is believed to contain any such information; or
(c)
who, in the opinion of the Bank, has in his or her possession or under his or
her custody or control, or has within his or her capacity to obtain, compile or submit, any
information, statistics or document relating to the record of balance of payments(i)
to submit such information, statistics or document to the Bank within
such period or at such intervals or in such manner or form as the Bank may specify; or
(ii)
to attend before an officer of the Bank to answer any enquiries in
relation to such information, statistics or document.
[Subsec (1) substituted by sec 12 of Act 11 of 2004.]
(2) Without limiting the generality of the power conferred by subsection (1), the Bank
may call for any information that it may require for the purposes of this Act from any
banking institution about its operations or those of its affiliates in Namibia or elsewhere.
(3) Any person who fails to supply any information called for by the Bank under
subsection (1) or (2), or who wilfully supplies any false or misleading information shall be
guilty of an offence and liable on conviction to a fine not exceeding N$20 000 or to
imprisonment for a period not exceeding five years, or to both such fine and such
imprisonment.
[NAMa15y1997s57]57
Exemption from taxation
The Bank shall be exempt from the payment of any tax on its income, any stamp duty,
and any duty or tax in respect of the importation of notes or coins.
[NAMa15y1997s58]58
Restriction on the use of Bank's name
Except with the written consent of the Bank, no banking institution, company or other
person shall carry on business under, or be registered under the Companies Act, 1973 (Act 61
of 1973), or any law governing banking institutions or any other law, by a name(a)
which is identical with the name of the Bank, or which corresponds in such a
manner to the name of the Bank that it could be misleading; or
(b)
which includes in conjunction with the word "bank" or its derivative or
translation in any language the word "central", "government", "reserve", "royal" or "state" or
any derivative of any such word or any translation of any such word in any language.
[NAMa15y1997s59]59
Regulations and by-laws
(1) The Minister may, in consultation with the Bank, make regulations in relation to
any matter which the Minister considers necessary or expedient for the effective carrying out
of the objects of the Bank or the achievement of the purposes of this Act.
(2) The Board may make by-laws or issue directives or instructions, not inconsistent
with the provisions of this Act, in connection with any matter which it considers necessary or
expedient for the good government of the Bank, the conduct of its business or the
employment of its staff.
[NAMa15y1997s60]60
Repeal of law and savings

Select target paragraph3