(2) The Accounting Standard Committee shall consist of-
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| (a) the President of the Institute and five other members of the Institute nominated by the Council of such Institute ; | | |
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| (b) one member nominated by the Sri Lanka Division at the Chartered Institute of Management Accountant at the United Kingdom : | | |
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| (c) the Registrar of Companies; | | |
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| (d) the Director-General of the Securities and Exchange Commission of Sri Lanka ; | | |
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| (e) one member to represent the Central Bank nominated by the Governor of the Central Bank; | | |
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| (f) one member who shall be a director of a company or person having extensive experience at senior managerial level in a specified business enterprise, nominated by the Ceylon Chamber of Commerce; and | | |
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| (g) one member who shall be a director of a company or a person having extensive experience at a senior level in a specified business enterprise, nominated by the Federation of Chambers of Commerce and Industry of Sri Lanka, | | |
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