5. The following new sections are hereby inserted immediately after section 29, and shall have effect as sections 29a, 29b and 29c, of the principal Act: -
| 29A. No person shall operate or maintain any tourist, airline or shipping service or carry on business as shipping agent or airline agent except in accordance with such conditions and requirements as may be imposed from time to time by the bank. |
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| 29B. No person in, or resident in, Sri Lanka shall perform any prescribed service for a person resident outside Sri Lanka except in accordance with such conditions and requirements as may be imposed by the bank by Notification published in the Gazette. |
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| 29C. Notwithstanding anything contained in any other provision of this Act, a company (other than a banking company) which is not incorporated under any law' in force in Sri Lanka or which is controlled directly or indirectly by any person or persons resident outside Sri Lanka, or any branch or office of any such company in Sri Lanka, or a firm consisting wholly or in part, of persons resident outside Sri Lanka, shall not accept appointment as-
| | (a) agent in Sri Lanka of any person, company or firm in the trading or commercial transactions thereof; or | | |
| | (b) technical or management adviser in Sri Lanka of any person, company or firm, | | |
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Sri Lanka Consolidated Acts