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As enacted
Contents

Part IV · Moneylenders

25. Conditions of the licence

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

A licence issued under section 23 or renewed under section 24 shall–

(a)

be subject to such conditions and requirements as specified in the licence;

(b)

be subject to the payment of an annual licence fee as determined by the Authority;

(c)

be valid for a period of one year;

(d)

specify the date of expiry; and

(e)

be non transferable.

Part V

Microfinance Business

Part VI

Regulation of Moneylenders and microfinance institutions

Part VII

Examination of A Licencee

Part VIII

Customer Protection

Part IX

Investigation of Offences

Part X

Offences and Penalties

Part XI

Finance

Part XII

General

Part XIII

Transitional Provisions

Schedules