Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsMonetary Board to cause examination consequent to auditor's report
| 31. The Monetary Board may cause an examination, of any off-shore unit to be made by officers duly authorized by it, in that behalf, in consequence of the auditor's report, or the auditor's failure to submit a report, or because of other relevant information that affords the Monetary Board reasonable grounds to believe that the off-shore unit is not in a sound financial condition or that it is engaging is fraudulent unsafe or unsound banking practices or that the requirements of this Part have not been complied with in the carrying on of its business. |