Sri Lanka Consolidated Acts

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Finance Companies Act (No. 78 of 1988) - Sect 4

Unimpaired capital to be maintained by finance companies

4.
(1) A finance company shall, at all times maintain an unimpaired capital of not loss than five million rupees.
(2) A finance company shall not reduce or impair its capital or statutory reserves without the prior written approval of the Board. In this subsection, " statutory reserves" means any reserve fund maintained by the company in pursuance of a direction issued to it under this Act,

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