21.
| (1) In any case where the Director is satisfied, after examination by himself, of by any officer authorized for him, of the affairs of any finance company or upon information received from the finance company that it would be in the interest of depositors to provide temporary financial accommodation to such finance company, the Director shall report accordingly to the Board and the Board may grant a loan or advance to a commercial bank from the Medium and Long Term Credit Fund established under section. 88E of the Monetary Law Art (Chapter 422), for the purpose of lending to such finance company on such terms and conditions as may be determined by the Board. |
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| (2) The provisions of section 83A to 83E of the Monetary Law Act shall, mutatis mutandis, apply to any loan or advance granted to a commercial bank under the provisions of subsection (1). |
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Sri Lanka Consolidated Acts