Sri Lanka Consolidated Acts

Gem Trading Bank Act (No. 51 of 1993)

TABLE OF PROVISIONS

           Long Title

   1.	   Short title and date of operation  
   2.	   Establishment of the Gem Trading Bank  
   3.	   Bank to be a body corporate  
   4.	   Head office and branch offices of the Bank  
   5.	   Board of Directors  
   6.	   Functions of the Bank  
   7.	   Powers and duties of the Bank  
   8.	   Capital of the Bank  
   9.	   Issue of shares  
   10.	   Liability of shareholders  
   11.	   Funds of the Bank  
   12.	   General borrowing powers of the Bank  
   13.	   Borrowing from the Government  
   14.	   Gem Reserve  
   15.	   Gem Reserve Fund  
   16.	   Panel of valuer  
   17.	   Financial year of the Bank  
   18.	   Audit  
   19.	   Documents to be transmitted to the Minister to be laid before Parliament  
   20.	   Investment or moneys of the Bank  
   21.	   Declaration of secrecy  
   22.	   Protection for action taken under this Act or on the direction of the Board  
   23.	   Certain written law not to apply to the Bank  
   24.	   Special provisions relating to the shareholders  
   25.	   The Bank deemed to be a credit institution  
   26.	   No writ to issue against person or property of a director of the Bank  
   27.	   Powers of the Board to make rules  
   28.	   Offences and penalties  
   29.	   Bank deemed to be a licensed commercial bank  
   30.	   Monetary Board to give directions  
   31.	   Officers and servants of the Bank to be deemed public servants  
   32.	   Persons authorized to act on behalf of the bank  
   33.	   Exempt from stamp duty  
   34.	   Exemption from certain taxes  
   35.	   Interpretation  
   36.	   Sinhala text to prevail in case of inconsistency