Registration procedure

(1) Where the Minister grants consent pursuant to section 10, he shall direct the Registrar accordingly and the Registrar shall, (a) register the public fund in the register maintained by him for the purpose under section 6 of this Act; and (b) issue a certificate to the registered public fund as directed by the Minister showing the date of registration. (2) Where the Minister grants his consent under section 10, the promoters of the proposed public fund shall, within the three month period referred to in section 10 (3) (b) of this Act, 20 from the date of the grant of such consent or the renewal thereof, deliver to the Registrar, (a) the consent of the Minister; (b) satisfactory proof that the proposed public fund is lawfully constituted in Belize or elsewhere; (c) the application fee required under section 9 (2) (b) (iii) of this Act; and (d) the notices referred to in section 9 (2) (b) (v) of this Act. (3) If the Registrar is satisfied that the proposed public fund has complied with the requirements of subsection (2) of this section, he shall register the public fund and issue to it a certificate of registration in accordance with the procedure set out in subsection (1) of the section. (4) The Registrar shall refuse to register the proposed public fund if he determines that, (a) its registration has not received the consent of the Minister pursuant to section 10 of this Act; or (b) it has not complied with any of the requirements of subsection (2) of this section. (5) Any person aggrieved by a decision of the Registrar under subsection (4) of this section, may appeal to the Minister whose decision shall be final.