4. Section 21c of the principal enactment is hereby amended as follows :-
| (1) in subsection (3) of that section
| | (a) by the repeal of paragraph (b) thereof and the substitution therefor of the following paragraph :
| | | "(b) the period within which any sum due as principal, interest or redemption proceeds if any, paid on scripless treasury bonds in such accounts should be paid to customers or persons entitled thereto."; |
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| | (b) by the substitution in paragraph (e) of that subsection for the words "pledged or encumbered." of the words "pledged or encumbered;"; and | | |
| | (c) by the addition immediately after paragraph (e) of that subsection of the following new paragraph :
| | | (f) the furnishing of information to the Central Bank, the manner, means and periods at which such information shall be furnished to the Central Bank."; |
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| (2) by the addition immediately after subsection (3) of that section of the following new subsections ;
| | "(4) The Central Bank may by Notification published in the Gazette and in two local newspapers in the Sinhala, Tamil and English languages, require the holder of Treasury Bonds issued in the form of written certificates of a series to be specified in such Notification, if they so desire to surrender such bonds for conversion into Scripless Treasury Bonds in accordance with such procedure as may be prescribed. Such Treasury Bonds shall upon conversion into Scripless Treasury Bonds be deemed to be Scripless Treasury Bonds issued under this Ordinance. | | |
| | (5) Nothing contained in subsection (4) shall be construed as affecting or discharging the liability of the Government under this Ordinance to make payment on a Treasury Bond issued in the form of a written certificate belonging to a series specified in a Notification published under that subsection which has not been converted into a Scripless Treasury Bond in terms of such subsection.". | | |
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Sri Lanka Consolidated Acts