24. Section 43 of the principal enactment is hereby repealed and the following section substituted therefor:-
| 43. A licensed commercial bank shall appoint as its Secretary, a person who possesses such qualifications as may be prescribed for a secretary of a company, under subsection (1) of section 176 of the Companies Act, No 17 of 1982 and on being appointed the Secretary, shall unless such person is already an employee of such licensed commercial bank, become an employee of that bank and shall not become an employee of any other Institution so long as such person continues to be employed as the Secretary of such licensed Commercial Bank". |
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Sri Lanka Consolidated Acts