Monetary Law (Amendment) (No. 7 of 1988)

Sri Lanka Consolidated Acts

Amendment of section 23 of the principal enactment

3. Section 23 of the principal enactment is hereby amended as follows :

(a) by the insertion immediately after subsection (1) of that section, of the following:

(b) in subsection (2) of that section, by the substitution for paragraph (d) thereof, of the following paragraph:

	" (d) if, in the opinion of the board, he has failed to carry out his duties :

" (3) The Monetary Board may, with the concurrence of the Minister, temporarily release a Deputy Governor to

(a) serve in an office or position for which a salary or other remuneration is payable out of public funds ;

(b) serve with a banking institution, which is a public corporation, as a Director of that banking institution,