Sri Lanka Consolidated Acts

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Regional Development Banks Act (No. 6 of 1997) - Sect 43

Bank to be "leading institution" "Bank" and "licensed specialised Bank"

43. The Bank shall be-
(a) a leading institution "within the meaning of and for the purposes of the debt Recovery (special Provisions) Act No. 2 of 1990 and the Sri Lanka Act, No. 18 of 1990 ;
(b) a bank with in the meaning of and for the purposes of the Recovery of Loans by Banks (Special Provisions ) Act, No. 4 of 1990;
(c) a licensed specialised bank " within the meaning of and for the purposes of the banking Act, No. 30 of 1988 and shall be issued with a licence in accordance with the provisions of that Act to carry on business at the place specified in the incorporation Order and shall be subject to all such directions tat may be issued by the monetary Board under that Act in respect of licenced specialised banks ;
(d) a "lending institution " within the meaning of section 47A of the Mortgage Act (Chapter. 89) ; and
(e) an "approved credit agency" within the meaning of and for the purpose of that Inland Trust Receipts Act, No. 14 of 1990


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