Sri Lanka Consolidated Acts

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Credit Councils (Amendment) Act (No. 38 of 1981) - Sect 3

insertion of new section 3A in the principal enactment

3. The following new section is hereby inserted immediately after section 3 of the principal enactment and shall have effect as section 3A of that enactment:"
3A. Where after the establishment of a Credit Council or Councils for any Government department in terms of section 3 (1) of this Law, the Director of Credit Councils finds it necessary and appropriate that the Credit Council or Councils so established should be varied, the Director may, with the approval of the Minister, dissolve such Credit Council or Councils and in its or their place establish a new Credit Council or Councils as the case may be, in terms of section 3 (1) of this Law. ".


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