Sri Lanka Consolidated Acts

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Monetary Law (Amendment) (No. 26 of 1995) - Sect 2

Insertion of new Chapter VA in Chapter 422

2. The following new Chapter is hereby inserted immediately after Chapter of V of the Monetary Law Act new Chapter (Chapter 422) (hereinafter referred to as the " principal enactment") and shall have effect as Chapter VA of that enactment :-
105A. Notwithstanding any other provision in this Act or anything in any other written law, the Central Bank may acquire and hold shares in any company which in the opinion of the Monetary Board was formed for the advancement and promotion of human resources and technological development in the banking and financial sector in Sri Lanka, or to provide for all or any of the facilities referred to in subsection (1) of section 98 or 112A of this Act.".


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