Bank of Ceylon (Amendment) Law (No. 10 of 1974)

Sri Lanka Consolidated Acts

Replacement of section 58 of the principal enactment

18. Section 58 of the principal enactment is hereby repealed and the following new section substituted therefor: -

58. No general manager of the bank shall be dismissed except--

	(a) on a resolution of the board passed by a majority of two-thirds of the directors for the time being holding office; and

	(b) with the written approval of the Minister.".