7.
| (1) Notwithstanding the repeal of section 3 of the principal enactment by section 3 of this Act, the provisions of section 6 of the principal enactment relating to moneys lodged in a bank and to securities deposited with the Permanent Secretary to the Ministry under section 2 of the principal enactment, shall respectively apply to moneys and to securities deposited, prior to the date of commencement of this Act, with the Permanent Secretary to the Ministry under the repealed section 3 of the principal enactment. |
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| (2) Section 7 of the principal enactment, which is amended by section 4 of this Act, shall, in relation to any public company or association which has, prior to the date of the commencement of this Act, given any guarantee or security under the principal enactment, continue to have effect in all respects as if the said section 7 had not been so amended. |
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Sri Lanka Consolidated Acts