Sri Lanka Consolidated Acts

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Banking (Amendment) Act (No. 33 of 1995) - Sect 11

Amendment of section 16 of the principal enactment

11. Section 16 of the principal enactment is hereby amended as follows :-
(1) in subsection (1) of that section, by the substitution for the words " shall use as part of its name of the words" shall, except with the prior written approval of the Monetary Board, use as part of its name "; and
(2) in subsection (2) of that section, by the substitution for the words " shall, for the purpose of carrying on any business, use as part of its or his name ", of the words " shall, except with the prior writes approval of the Monetary Board, for the purpose of carrying on any business, use as part of its or his name".


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