22.
| (1) The following shall, within one year after the appointed date, make an initial contribution of six hundred million rupees to the capital of the Bank in such amounts and in such manner as hereinafter provided and shall by virtue of such contributions be deemed to be shareholders of the Bank :
| | (a) the Government of Sri Lanka-Four hundred million rupees in cash ; | | |
| | (b) the Central Bank of Ceylon twenty-five million rupees in cash and seventy-five million rupees in the form of a promissory note payable on demand ; | | |
| | (c) the Bank of Ceylon-twelve million five hundred thousand rupees in cash and thirty-seven million five hundred thousand rupees in the form of a promissory note payable on demand ; | | |
| | (d) the People's Bank-twelve million five hundred thousand rupees in cash and thirty-seven million five hundred thousand rupees in the form of a promissory note payable on demand. | | |
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| (2) The Bank shall, after commencement of business, offer the shares referred to in section 21 to the public for subscription at such time or times, in such amount or amounts and in such manner as may be determined by the Board of Directors, and shall allot such shares. |
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| (3) The Board of Directors may, from time to time, solicit and accept further contributions to the capital of the Bank from any or all of the shareholders. |
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| (4) No contribution to the capital of the Bank shall be made or accepted except in pursuance of the provisions of this section or section 57. |
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Sri Lanka Consolidated Acts