Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAudited account to be submitted to Court
| 69. Once all assets have been distributed in accordance with the provisions of this Act, the Director of Batik Supervision shall render an audited account to Court. Upon approval of the account by Court, and where the Court makes an order to terminate the liquidation, the Monetary Board shall be relieved of any liability in connection with the liquidation. The Director of Bank Supervision shall proceed to terminate the judicial existence of the licensed commercial bank concerned, in accordance with such provisions of the Companies Act, No. 17 of 1982, and applicable thereto, which are not inconsistent with the provisions of this Act. |