Sri Lanka Consolidated Acts

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National Savings Bank Act (No. 30 of 1971) - Sect 68

Limits of holdings

68.
(1) The aggregate of the denominational values of all savings certificates held at any time by any person or body of persons shall not exceed such limit as may be prescribed; and no savings certificate shall at any time be issued so as to increase the holding of any such person or body of persons beyond the limit so prescribed.
(2) The power to make rules prescribing the limits referred to in sub-section (1) shall be deemed to include the power to prescribe different limits for different classes of persons or for different classes of savings certificates.


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