National Savings Bank (Amendment) Act (No. 22 of 1999)

Sri Lanka Consolidated Acts

Amendment of section 4 of the principal enactment

3. Section 4 of the principal enactment, is hereby amended as follows :-

(1) by the repeal of subsection (1) of that section, and the substitution of the following subsection therefor :-

	"(1) The Bank shall have its principal place of business in Colombo and may have such branches, and may appoint such agencies and agents as may be necessary for the transaction of business of the Bank and may also appoint agents and establish representative offices outside Sri Lanka for purpose of mobilisation of deposits." and

(2) by the substitution, in subsection (2) of that section, for the words, "appoint as an agency or agent;", of the words "appoint as an agent;".