Sri Lanka Consolidated Acts

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Ceylon State Mortgage Bank (Amendment) Act (No. 6 of 1970) - Sect 8

Amendment of section 92 of the principal enactment

8. Section 92 of the principal enactment is hereby amended as follows: -
(1) in sub-section (1) of that section by the substitution, for paragraph (a) of that subsection, of the following new paragraph:-
" (a) subject to the provisions of subsection (1A), prescribing the subordinate staff to be employed by the bank, their conditions of service, rights, duties and privileges, and any other matters connected therewith; "; and
(2) by the insertion, immediately after sub-section (1) of that section, of the following new subsection :
" (1A) Nothing in paragraph (a) of subsection (1) shall be deemed or construed to authorize or empower the board to make rules in respect of the subordinate staff of the bank relating to any of the matters referred to in paragraph (c) of section 93 a).".


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