35. In this Act, unless the context otherwise requires " accommodation " means any loan or overdraft or any commitment to grant any loan or overdraft or advance, including a commitment to accept a contingent liability; "Central Bank" means the Central Bank of Sri Lanka established under the Monetary Law Act (Chapter 422) ; " Development Finance Corporation of Ceylon' means the Development Finance Corporation established by the Development Finance Corporation of Ceylon Act (Chapter 165) ; " finance company" meant; a company registered under the Finance Companies Act, No. 78 of 1988 to carry on finance business ; " financial institution " means
| (a) a licensed commercial bank, |
|
| (c) The National Savings Bank, |
|
| (d) The National Development Bank of Sri Lanka, |
|
| (e) State Mortgage and Investment Bank, |
|
| (f) Development Finance Corporation of Ceylon ; |
|
" gem " includes a precious stone or a semi-precious stone, and a product of any gem or any such stone ; " gem industry" means any trade or business of all of any of the following classes or descriptions :
| (a) mining for gems or gemming; |
|
| (b) importing gems into, or exporting gems from, Sri Lanka; |
|
| (c) selling, purchasing, or supplying gems; |
|
| (e) cutting, polishing, engraving or carving of gems; |
|
| (f) heat treatment of gems and any other method of enhancing the value of gems ; |
|
| (g) examination and certification of gems and assaying of precious metals; and |
|
"jewellery" means any ornament made from precious metals or precious stones for personal adornment or any curio made out of such metal or such stone : " jewellery industry " means any trade or business relating to the assaying of precious metals or the manufacture of ornaments from precious metals or precious stones for personal adornment or the export of such ornaments ; " licensed commercial bank" means a licensed commercial bank within the meaning of the Banking Act, No. 30 of 1988 authorized to carry on banking business; " Monetary Board " means the Monetary Board of the Central Bank of Sri Lanka constituted under section 8 of the Monetary Law Act; " National Development Bank of Sri Lanka " means the National Development Bank established by the National Development Bank Act, No. 2 of 1979; "National Savings Bank" means the National Savings Bank established by the National Savings Bank Act, No. 30 of 1971 ; " public corporation " means any corporation board or other body which was or is established by or under any written law other than the Companies Ordinance, with funds or capital wholly or partly provided by the Government by way of grant, loan or otherwise; " State Mortgage and Investment Bank" means the State Mortgage and Investment Bank established by the State Mortgage and Investment Bank Act, No. 13 of 1975 ; " statutory institution " means any body or institution established by a Statute, not being a public corporation and includes a company established under the Companies Act, No. 17 of 1982 in which mere than fifty per centum of the share capital is owned by the Government of Sri Lanka. |
Sri Lanka Consolidated Acts