Sri Lanka Consolidated Acts

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Gem Trading Bank Act (No. 51 of 1993) - Sect 27

Powers of the Board to make rules

27.
(1) The Board may make rules, which are not inconsistent with the provisions of this Act in respect of all or any of the matters in respect of which rules are authorized or required by this Act to be made.
(2) No rule made by the Board under subsection (1) shall have effect until it has been approved by the Minister and approved by Parliament.

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