Sri Lanka Consolidated Acts

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Monetary Law (Amendment) (No. 32 of 2002) - Sect 4

Amendment of section 11 of the principal enactment

4. Section 11 of the principal enactment is hereby amended as follows :-
(a) in paragraph (a) of subsection (1) of that section, by the substitution for the words "any local authority" of the words "any provincial Council or any local authority";
(b) in paragraph (a) of subsection (2) of that section, by the substitution for the words "any local authority" of the words "any provincial Council or any local authority";
(c) by the repeal of paragraph (c) of subsection (2) of that section and substitution therefor, of the following paragraphs :-
"(c) he is a director, officer, employee or shareholder of any banking institution (other than the Central Bank) or any other institution supervised or regulated by the Central Bank,".-

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