Sri Lanka Consolidated Acts

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People's Bank (Amendment) Act (No. 61 of 1980) - Sect 2

Amendment of section 8 of Act No.29 of 1961

2.Section 8 of the People's Bank Act,No 29 of 1961, (hereinafter referred to as the " principal enactment") as amended by the People's Bank (Special Provisions) Law. No. 25 of 1978, is hereby farther amended by the repeal of subsection and the substitution of the following subsection :
"(1) The Board shall consist of ten directors appointed by the Minister, two of whom shall be nominated by the Minister in charge of the subject of Co-operatives.".

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