Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Notional Savings Bank (Amendment) Act (No. 28 of 1995) - Sect 7

Replacement of section 9 of the principal enactment

7. Section 9 of the principal enactment is hereby repealed and the following section is substituted therefor:-
9. A person shall be disqualified from being appointed or continuing as a director of the Board under paragraph (a) of subsection (1) of section 8, if he-
(a) is a Member of Parliament or of any Provincial Council or any local authority ; or
(b) is, under any law in force in Sri lanka found or declared to be of unsound-mind ; or
(c) is a person who, having been declared insolvent or bankrupt under any law in force in Sri Lanka or in any other country, is an undischarged insolvent or bankrupt ; or
(d) is convicted of an offence involving moral turpitude and punishable with a term of imprisonment.",

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]