Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPower to issue directions
| 34, The Director shall have the power to issue such general directions, as he may consider necessary for the purpose ensuring that registered establishments maintain efficient standards in carrying out their duties, including directions on the following matters :— (a) maximum rate of payments to be levied by registered establishments ; (b) matters concerning the method of collecting payments ; (c) form and manner in which the books of accounts or other records or documents are to be maintained ; (d) terms and conditions of finance leases ; (e) minimum paid up capital and the reserves a registered establishment shall have, having regard to the value of its finance leases ; (f) having regard to the paid up capita] and the reserves of a registered establishment, the maximum value of finance leases that may be granted to any one person, group of persons, or category of persons as may be specified by the Director ; (g) capital and reserves of registered establishments ; (h) minimum initial payment required to be made by a lessee for any equipment or different categories of equipment, such minimum to be expressed as a percentage of the value of the equipment ; or (i) provisions for bad and doubtful debts. |