2. Amendment of section 2 of

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

Section 2 of the Debt Conciliation Ordinance

(Chapter 81) (hereinafter referred to as the “principal enactment”) is hereby amended as follows:-

(1)

in subsection (1) of that section by the substitution, for all the words commencing from “shall consist of ﬁ ve members’’, to “to be

Chairman of the Board.’’of the following:-

“shall consist of eleven members appointed by the Minister.’’;

(2)

by the repeal of subsection (2) of that section and the substitution therefor of the following new subsection:-

“(2) The Board shall consist of the following:-

(a)

seven members consisting of persons-

(i)

who hold or have held a post as a Judge of the High Court or as a

District Judge; or

(ii)

who have not less than ﬁ fteen years professional experience as an attorney-at-law; and

(b)

four members consisting of persons-

(i)

who have not less than ten years’

professional experience as an attorney-at-law;

(ii)

who hold or have held a post of

Class I ofﬁ cer in the Sri Lanka

Administrative Service or in an

All Island Service; or

(iii)

who have experience in the ﬁ elds of trade and commerce.”;

(3)

by the repeal of subsection (3) of that section and the substitution therefor of the following new subsection:-

“(3) The Minister shall appoint a member appointed under paragraph (a) of subsection (2)

to be the Chairman of the Board.”.