Banking (Amendment) Act (No. 2 of 2005)

Sri Lanka Consolidated Acts

Amendment of section 58 of the principal enactment

22.Section 58 of the principal enactment is hereby amended as follows :-

(1) by the renumbering of that section as subsection (1) of that section ;

(2) by the addition immediately after the renumbered subsection (1), of the following new subsection :-

	"(2) The Director of Bank Supervision may, engage the services of any professionally qualified person to assist him in relation to the exercise of the functions of the liquidator in a compulsory winding up of a licensed commercial bank.".