Sri Lanka Consolidated Acts

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Bank of Ceylon (Amendment) Law (No. 10 of 1974) - Sect 29

Repeal of section 8 of Finance Act, No. 65 of 1961

29.
(1) Section 8 of the Finance Act, No. 65 of 1961 is hereby repealed.
(2) Notwithstanding the repeal of section 8 of the Finance Act, No. 65 of 1961, by subsection (1) of this section, the directors appointed under that section and holding office on the date on which this Law comes into force shall be deemed for all purposes to have been appointed under section 6 of the principal enactment (inserted by this Law) and shall, subject to the provisions of the said section 6, continue to hold office for the unexpired portion of their period of office.


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