Skip to content
As enacted
Contents

28. Replacement of section 112B of the principal enactment

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

Section 112B of the principal enactment is hereby repealed and the following section substituted therefor :—

112B. (1) Any or all of the functions referred to in subsection (1) of section 98 and section 112A may. notwithstanding the provisions of such section, be carried out by a body corporate authorised for the purpose by the Monetary

Board subject to such terms and conditions as may be imposed by the Monetary Board.

(2)

A body corporate referred to in subsection (1) may hold an account with the Central Bank for the purpose of carrying out such functions.”.

“Any body corporate to provide facilities under sections 98 (1)

and 112A.