Sri Lanka Consolidated Acts

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Securities Council (Amendment) Act (No. 26 of 1991) - Sect 4

Amendment, of section 5 of the principal enactment

4. Section 5 of the principal enactment is hereby amended as follows : "
(1) in subsection (3) of that section by the substitution for the words " resignation or removal", of the words " resignation, removal or the operation of the provisions of subsection (5) ";
(2) by the addition at the end of that section, of the following new subsection:"
"(5) An appointed member of the Commission who without leave of the Commission first being obtained, absents himself from three consecutive meetings of the Commission, shall be deemed to have vacated his office ".

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