14. Security ordered to be deposited within two weeks

The security ordered by the Court under section 13 shall be deposited in cash in the Court within two weeks from the date of the order.

The Registrar of the Court shall cause to issue a deposit note to deposit the same to an interest accruing bank account maintained by the Court and the moneys shall be kept in the account until a further order is made by the Court.

The Court shall not grant any period of extension to deposit the security ordered by the Court, unless the defendant, by an application made within the period of two weeks referred to in subsection (1), establishes sufficient reasons, to the satisfaction of the Court, for his inability to deposit the security. In such event, the Court may grant a further period which shall not exceed two weeks from the expiry of the previous time period granted by the Court.