Sri Lanka Consolidated Acts

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Exchange Control (Amendment) Law (No. 39 of 1973) - Sect 3

Replacement of section 7 of the principal Act

3. Section 7 of the principal Act is hereby repealed and the following new section substituted therefor: -
7. Except with the permission of the bank no person shall in Sri Lanka-
(a) make any payment to or for the credit of a person resident outside Sri Lanka, or
(b) make any payment to or for the credit of a person resident in Sri Lanka by order or on behalf of a person resident outside Sri Lanka, or
(c) place or hold any sum to the credit of any person resident outside Sri Lanka:

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