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srilawsby aturio
As enacted
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Part V · Winding Up of Licensed Bank

68. Appointment of a liquidator

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

In pursuance to the winding up order, the court shall appoint a person nominated by the Central Bank as the liquidator to act on its behalf for the purposes of winding up of the operations of the licensed bank.

(2)

The Central Bank shall, immediately after the appointment of the liquidator under subsection (1), give notice of the winding up order and the appointment of liquidator under subsection (1), to the licensed bank, and shall publish such notice in the Gazette and at least in three

Sinhala, Tamil and English daily newspapers circulating in

Sri Lanka.

Read on from s 69

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