Sri Lanka Consolidated Acts

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Banking Act (No. 30 of 1988) - Sect 8

Payment at licence fee

8.
(1) Every licensed commercial bank shall pay to the Central Bank an annual licence fee as may be determined by the Monetary Board, having regard to the different classes of banking business carried on by such bank.
(2) The Monetary Board shall inform each such licensed commercial bank the amount payable as licence lee, and the manner in which such fee shall be paid.
(3) Where a licence fee is determined in respect of classes of banking business such fee shall apply to all banks carrying on such classes of business.


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