Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Notional Savings Bank (Amendment) Act (No. 28 of 1995) - Sect 13

Amendment of section 20 of the principal enactment

13. Section 20 of the principal enactment is hereby amended as follows:-
(1) by the repeal of subsection (1) of that section and the substitution therefor of the following subsection:-"
(1) The Bank shall establish-
(a) a general reserve ; and
(b) any other special reserves for such purposes as the Board thinks fit." ; and
(2) In subsection (2) of that section, by the substitution for the words " After making allowance for the reserves of the Bank ", of the words " After making transfer to the reserves of the Bank ".

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]