12. Section 17 of the principal enactment is hereby amended in subsection (1) of that section as follows: -
| (1) by the substitution in the proviso to that subsection, for the words "a subsidiary which-", of the words " a subsidiary which carries on any one or more of the following businesses-"; |
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| (2) by the substitution in paragraphs (a), (b), (e), (d) and (e) of the proviso to that subsection, for that words " sole business ", of the word " business "; and |
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| (3) by the repeal of paragraph (s) of the proviso to that subsection, and the substitution therefor of the" following "paragraph:-
| | " (g) carries on any form of business which in At opinion of the Monetary Board is not Inconsistent with the business of banking and the provision of finance: ". | | |
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Sri Lanka Consolidated Acts