Sri Lanka Consolidated Acts

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Monetary Law (Amendment) (No. 32 of 2002) - Sect 26

insertion of new section 98A of the principal enactment

26. The following new section is inserted immediately after section 98, and shall have effect as section 98A of the principal enactment :-
98A. (1) The Director of Bank Supervision may examine of cause an examiner of his department to examine the books, accounts and records of a prescribed financial institution and may require any such financial institution or its directors or officers to furnish from time to time or within such periods as may be specified such books, accounts, records or information as may be required for the purpose of ascertaining whether such institution is complying with the provisions of this part.
(2) Any person who resists or obstructs the director of Bank supervision or an examiner of his department, in the exercise by such Director or examiner of the powers conferred on him by subsection (1) shall be guilty of an offence,".


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