Sri Lanka Consolidated Acts

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Banking (Amendment) Act (No. 33 of 1995) - Sect 25

Amendment of section 46 of the principal enactment

25. Section 46 of the principal enactment is hereby amended as follows:-
(1) by the repeal of paragraph (c) of subsection (1) of that section and the substitution therefor of the following paragraph : -
"(c) the maximum amount of accommodation which having regard to the equity capital, reserves and deposits of such licensed commercial bank and other relevant considerations, as may be made by such bank-
(i) to any one, company, public corporation, firm, association of persons or individual;
(ii) in the aggregate to-
(2) by the insertion Immediately after subsection (1) of that section of the following paragraph:-


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