Sri Lanka Consolidated Acts

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Finance Companies Act (No. 78 of 1988) - Sect 7

Issue of licence to finance companies

7.
(1) Where a finance company has been registered under this Act, the Board shall issue to such finance company a licence in the prescribed form permitting such company to carry on finance business.
(2) Such licence shall be exhibited at all times in the principal office or place of business of such finance company.
(3) Every finance company registered under the Act, shall pay an annual licence fee of the prescribed amount to the Board.

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