Sri Lanka Consolidated Acts

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

People's Bank Act (No. 29 of 1961) - Sect 17

Powers of the Permanent Secretary until commencement of business by the Bank

17. The Permanent Secretary may, upon the enactment of this Act and until the commencement of business by the Bank-
(a) invite and receive applications for shares;
(b) allot shares;
(c) do any of the acts which the Board is by this Act empowered to do; and
(d) do all other acts whatsoever as he may deem necessary for the formation of the Bank.

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