4.
| (1) The Monetary Board may require any company incorporated outside Sri Lanka, which has applied for a licence under section 3, to undertake to remit to Sri Lanka, prior to the commencement of their business in Sri Lanka, a sum of money, determined with the approval of the Minister, in United States Dollars, or its equivalent in any designated foreign currency. The amount so remitted may form part of the assigned capital of such company and shall be kept as a deposit with the Central Bank or in such other manner as may be determined from time to time by the Monetary Board. |
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| (2) The Monetary Board may, where such Board considers it necessary or expedient to do so in the interest of national economy, from time to time, make further determinations as regards the remittance of money after the expiry of a period of sis months from the date of the last of such determinations. |
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| (3) A determination made under this section shall apply uniformly to all companies incorporated outside Sri Lanka which apply for a licence after each such determination. |
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Sri Lanka Consolidated Acts