Sri Lanka Consolidated Acts

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Banking (Amendment) Act (No. 33 of 1995) - Sect 10

Insertion of new section 14A in the principal enactment

10. The following new section is hereby inserted Immediately after section 14 and shall have effect on section 14A of the principal enactment:-
14A. A licensed commercial bank which is a company as denned in section 449 of the Companies Act, No. 17 of 1982, shall not alter its Memorandum of Association and the Articles or Association, without the prior written approval of the Monetary Board.".

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