Sri Lanka Consolidated Acts

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National Development Bank Of Sri Lanka. Act (No. 2 of 2005) - Sect 80

Interpretation

80. In this Act, unless the context otherwise requires "approved credit institution" has the same meaning as " credit institution " in section 88F of the Monetary Law Act, and includes such other institutions as the Board of Directors may, from time to time, deter-mine to be approved credit institutions for the purposes of this Act; " Board of Directors " means the Board of Directors of the Bank; "Central Bank" means the Central Bank of Ceylon established under the Monetary Law Act ; " Monetary Board" means the Monetary Board of the Central Bank of Ceylon constituted under section 8 of the Monetary Law Act; " Bank of Ceylon " means the Bank of Ceylon established under the Bank of Ceylon Ordinance ; "Peoples Bank" means the People's Bank established under Act No. 29 of 1961; " Director " means a member of the Board of Directors; " enterprise " means any body of persons, whether corporate or unincorporate, by whatsoever name or designation called, and includes a corporation sole or a sole proprietorship ; " industry " includes tourism, and tourist services within the meaning of the Ceylon Tourist Board Act, No. 10 of 1966, mining and fisheries ; and the expression " industrial" shall be construed accordingly ; " shareholder" means a shareholder of the Bank.


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