Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsInterpretation
| 49. In this Act, unless the context otherwise requires- " banking business " means the business of receiving funds from the public through the acceptance of money deposit payable upon demand, and the use of such funds either in whole or in part for advance, investments or any other operation either authorized by law or by customary banking practices; " Central Bank " means the Central Bank of Ceylon established by the Monetary Law Act (Chapter 422) ; " commercial bank " shall have the same meaning as in the Monetary Law Act (Chapter 422) ; "co-operative society" means a co-operative society registered under the Co-operative Societies Law, No. 5 of 1972 ; " enterprise " means any body of persons, whether corporate or unincorporate, by whatsoever name or designation called, and includes a corporation sole or a sole proprietorship; " general body of the bank '' means the general body of the Bank constituted in accordance with the provisions of section 17 of this Act ; "Monetary Board" means the Monetary Board of the Central Bank of Ceylon established under the Monetary Law Act (Chapter 422) ; and " small-scale industry" means any industry irrespective of technology or location where the investment in plant and machinery excluding land, buildings and utilities does not exceed one million rupees. |