Regulations Governing The Establishment Criteria and Administration of The Industrial Bank Article 25

A person who/which establishes an industrial bank shall, within three months after the completion of the registration of the bank, submit each of the following documents in three copies to the Commission for an application for business license:1.Application for business license.2.Papers required for the registration of the bank.3.Capital attestation certificate.4.Constitution of the industrial bank.5.Minutes of founders' meetings6.Name list of shareholders and minutes of shareholders' meetings.7.Name list of directors and minutes of board of directors' meetings.8.Name list of managing directors and minutes of board of managing directors' meetings.9.Name list of supervisors and minutes of board of supervisors' meetings.10.Name list of managers.11.Terms and conditions, and business procedures of the industrial bank.12.Evidence of professional qualification of a director, a supervisor and a manager.13.Records of trial operations of the industrial bank for two weeks or above.If the person has proper reasons for its failure to apply to the Commission within the prescribed period mentioned in the preceding Paragraph, he/she can apply to the said authority to extend the said prescribed period before the expiration of the prescribed period. The extended period cannot exceed three months and such extension is granted to the applicant once only. If the Commission does not approve the application for extension of the prescribed period, it may annul the establishment permit of the industrial bank in question.