The application of any reorganisation plan under the provisions of this Act is subject to the following conditions—
(a) the reorganisation plan shall be equitable to all classes of depositors, other creditors and shareholders;
(b) the reorganisation plan shall provide for bringing in new funds so as to establish adequate ratios between—
(i) capital and deposit, and
(ii) liquid assets and deposits; and
(c) the reorganisation plan may subject to the law in force in Saint Lucia provide for the removal of any director, manager, secretary, officer or employee.