Sri Lanka Consolidated Acts

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Housing Development Finance Corporation of Sri Lanka Act (No. 7 of 1997) - Sect 34

Secrecy

34.
(1) Every director, officer or auditor of the Corporation shall before entering upon his duties, sign a declaration pledging himself to observe strict secrecy respecting all transactions, of the Corporation and all matters relating to such transactions and shall by such declaration pledge himself not to reveal any such transaction or matter except-
(a) when required so to do by the Board, a court of law, or the person to whom that transaction or matter relates ;
(b) in the performance of his duties under this Act; and
(c) in order to comply with any of the provisions of this Act or any other law,
(2) Every director, officer or auditor of the Corporation shall decline to answer any question concerning the business of the Corporation if he cannot answer the question without infringing his pledge of secrecy under subsection (1).


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