Divineguma Act 2013 · As enacted · Part IX · General
42. Regulations
Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk
Official translationFrom Department of Government Printing, unchanged
The Minister may make regulations for the matters required by this Act to be prescribed and for matters in respect of which regulations are authorized to be made.
Without prejudice to the generality of powers conferred by subsection (1), the Minister may make regulations in respect of all or any of the following matters:-
the constitution and administrative structure of the divineguma community based orgnizations and matters connected with such constitution and administrative structure;
the constitution and administrative structure of the divineguma regional orgnizations and matters connected with such constitution and administrative structure;
the constitution and administrative structure of the Divineguma Community Based Banking
Union and matters connected therewith or incidental thereto;
registration of divineguma community based banks, requirements to be fulfilled with respect to such registration and cancellation of such registration and banking activities of the divineguma community based banks and matters connected therewith or incidental thereto;
registration of divineguma community based banking societies, requirements to be fulfilled with respect to such registration and cancellation of such registration and activities of the divineguma community based banking societies and matters connected therewith or incidental thereto;
criteria in respect of the selection of divineguma beneficiaries;
criteria to be a member of divineguma community based organizations and diveneguma community based banks;
criteria in respect of the supervision, regulation and evaluation of divineguma community based organizations, divineguma community based banks and divineguma community based banking societies;
delimitation of the area of authority of implementation and administration of divineguma programmes at rural, regional or district levels;
all matters connected with the Divineguma
Development Fund and the Divineguma Revolving
Fund;
all matters connected with the funds maintained by divineguma community based organizations, divineguma regional organizations, divineguma community based banks and divineguma community based banking societies;
the procedure for the settlement of disputes that may arise when giving effect to the principles and provisions of this Act and matters connected therewith or incidental thereto; and
the use of a common logo for divineguma programmes.
Every regulation made by the Minister shall be published in the Gazette and shall come into operation on the date of such publication or on such later date as may be specified in the regulation.
Every regulation made by the Minister shall no later than three months after its publication in the Gazette be brought before the Parliament for approval. Any regulation which is not so approved shall be deemed to be rescinded from the date of such disapproval but without prejudice to anything previously done thereunder.
Notification of the date of such disapproval shall be published in the Gazette.
Part X