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

Sri Lanka Consolidated Acts

Replacement of section 12 of the principal enactment

3.Section 12 of the principal enactment is hereby repealed and the following section substituted therefor:

12.

	(1) The authorized capital of the bank shall be one thousand million rupees divided into twenty million shares of fifty rupees each.

	(2) The paid-up capital of the bank shall be such, amount as may be determined from time to time by the Minister by Order published In the Gazette ".