27, The Central Bank of Sri Lanka may
| (a) notwithstanding anything in section 10 of the Insurance Corporation Act, No. 2 of 1961, or other written law, establish, maintain, manage and control a scheme for the insurance of deposits held by finance companies registered under this Act and require such companies to insure the deposits held by such companies, under such scheme; or |
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| (b) require finance companies registered under this Act to insure the deposits held by such companies under any scheme for the insurance of such, deposits established by any such institution as is specified by the Board. |
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Sri Lanka Consolidated Acts