| (1) The written approval of the Monetary Board given with the concurrence of the Minister, shall be required
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| (a) for a licensed commercial bank to open or close a branch, agency or office of such bank, in any part of Sri Lanka or to effect a change in the location of any existing place of business; | | |
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| (b) for a licensed commercial bank incorporated or established within Sri Lanka by or under any written law to open or close a branch, agency, or office in any place outside Sri Lanka; | | |
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| (c) for a licensed commercial bank to acquire the business of another licensed commercial bank or of any branch of another licensed commercial bank; | | |
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| (d) for any person or nominee of such person, partnership, company or corporation to acquire a material interest in a licensed commercial bank incorporated or established within Sri Lanka by or under any written law; | | |
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| (e) for banks incorporated or established outside Sri Lanka to open a representative office or such other place of business within Sri Lanka. | | |
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Sri Lanka Consolidated Acts