Sri Lanka Consolidated Acts

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Banking (Amendment) Act (No. 33 of 1995) - Sect 43

Saving clause

43.
(1) Notwithstanding a conflict between the provisions of the principal enactment as amended by this Act and the provisions of any written law by or under which any authority which is required to obtain a licence under such principal enactment was established, all acts, decision or things commenced under such written law and pending and incomplete on the date of the coming into operation of this Act (other than section 19) may be carried on and completed as if there had been no such amendment to the principal enactment.
(2) The qualifications required to be held by a secretary of a licensed commercial bank imposed by section 43 of the principal enactment as amended by section 25 of this Act shall not apply to any person holding office as secretary to any licensed commercial bank as on the date of commencement of this Act (other than section 19) provided such person is holding the office of Secretary as a full time employee of the bank.


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