42. The Schedule IV of the principal enactment is hereby amended as follows :-
| (a)by the repeal of Paragraph (nn)of that Schedule, and the substitution therefor of the following paragraph:-
| | "(nn) the acceptance of a sum of money in any manner or form from any person for a fixed period of time for investment in a business venture of the bank on the basis that profits or losses of the venture will be shared with the person from whom such money is accepted in a manner determined at the time the money is accepted;" and; | | |
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| (b) by the addition, at the end of that Schedule, of the following paragraphs :-
| | "(oo) the purchase of goods, to be sold immediately upon purchase to a buyer on deferred payment terms provided that the goods and their suppliers are specified by such buyer and the price at which such goods are sold to the buyer and the deferred payment terms are determined at the time the bank agrees with the buyer to purchase the said goods for sale to the buyer; | | |
| | (pp) any other business which the Monetary Board may authorise a licensed specialised bank to engage in.". | | |
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Sri Lanka Consolidated Acts