21.
| (1) Every licensed commercial bank shall maintain liquid assets in such amount as may from time to time be determined by the Monetary Board having regard to the nature of the business carried on by such bank, which shall not in a daily average each month, be less than such percentage of the total of its liabilities, less its liabilities to the Central Bank and to the shareholders: |
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| (2) The Director of Bank Supervision may, by notice in writing, require every licensed commercial bank to furnish to him such return or returns as he may deem necessary for the purposes of satisfying himself that the provisions of subsection (1) have been complied with, and every licensed commercial bank so noticed, shall furnish such return or returns as may be required. |
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| (3) Any licensed commercial bank which fails to com ply with the provisions of subsection (1) shall, within such time as may be determined by the Monetary Board, pay to the Central Bank a charge on the amount of the deficiency calculated at such rate as may be determined by the Monetary Board. |
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| (4) Any licensed commercial bank which fails to comply with the provisions of subsection (3) shall be guilty of art offence under this Act. |
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Sri Lanka Consolidated Acts