2. Amendment of section 13 of Housing Development Finance Corporation Bank of Sri Lanka Act…

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

The Housing Development Finance Corporation Bank of Sri Lanka Act, No. 7 of 1997 (hereinafter referred to as the

“principal enactment”) is hereby amended in section 13

thereof as follows :—

(1)

by the repeal of paragraph (l) thereof and the substitution therefor of the following :—

“(l)

to borrow or raise money;”;

(2)

by the addition immediately after paragraph (m)

thereof of the following paragraph :—

“(n)

to carry on such forms of business as are specified in Schedule IV to the Banking Act,

No. 30 of 1980, subject to such restrictions as may be expressly stipulated in the licence issued by the Monetary Board under the said

Act.”.