Sri Lanka Consolidated Acts

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Banking (Amendment) Act (No. 2 of 2005) - Sect 26

Replacement of section 76C of the principal enactment

26. Section 76C of the principal enactment is hereby repealed and the following section substituted therefor:-
76C. The provisions of section 5 shall, mutatis mutandis, apply to the issue of a licence under this Part as they apply to the issue of a licence under Part I and for that purpose any reference to "banking business" in that section shall be deemed to be a reference to the business of accepting deposits of money and investing and lending such money.".


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