5.
| (1) The administration and management of the affairs of the Bureau shall be vested in the Board of Directors (hereinafter referred to as the "Board") consisting of
| | (i) a Deputy Governor of the Central Bank nominated by the Monetary Board who shall be the Chairman of the Board; | | |
| | (ii) a senior officer of the Central Bank nominated by the Monetary Board : | | |
| | (iii) a senior officer of the Bank of Ceylon nominated, by the Board of Directors of the Bank of Ceylon ; | | |
| | (iv) a senior officer of the People's Bank nominated by the Board of Directors of the People's Bank ; | | |
| | (v) two persons elected by the shareholding licensed commercial banks, other than the Bank of Ceylon, and the People's Bank ; | | |
| | (vi) a person elected by the shareholding finance companies ; | | |
| | (vii) a person nominated by the Minister in charge of the subject of Finance from the Boards of Directors of the National Development Bank, National Savings Bank, Development Finance Corporation of Ceylon and the State Mortgage and Investment Bank; | | |
| | (viii) the person holding the office of the General Manager of the Bureau. | | |
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| (2) The provisions of the Schedule to this Act shall have effect in relation to the term of office of the Directors of the Bureau, and the remuneration payable to such Directors, meetings and the seal of the Bureau. |
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| (3) The Board shall exercise, perform, and discharge all powers, duties and functions conferred or imposed on, or assigned to, the Bureau by this Act. |
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Sri Lanka Consolidated Acts