Sri Lanka Consolidated Acts

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Banking (Amendment) Act (No. 2 of 2005) - Sect 30

Amendment of section 76J of the principal enactment

30. Section 76J of the principal enactment is hereby amended in subsection (1) of that subsection, as follows :-
(1) by the insertion immediately after sub clause (q)(ii)(b)(gg) thereof, of the following sub clause :-
"(hh) companies in each of which an individual or a company as the case may be, has either directly or indirectly a substantial interest or a significant management interest.";
(2) by the insertion, immediately after paragraph (t) thereof, of the following paragraph :-
"(u) the limit of foreign participation in the capital of a licensed specialised bank incorporated or established in Sri Lanka.".


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