Sri Lanka Consolidated Acts

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People's Bank Act (No. 29 of 1961) - Sect 45

The provisions of the Companies Ordinance only to apply to the Bank if they are made applicable by Order of the Minister. Cap. 145

45.
(1) The provisions of the Companies Ordinance shall not apply to the Bank.
(2) Notwithstanding the provisions of subsection (1), the Minister may, whenever it may seem expedient for him to do so, by Order declare that any such provision of the Companies Ordinance as is specified in the Order shall apply to the Bank. Every Order made under this subsection shall have the force of law.

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