As enactedVersion · As enacted
Regional Development Banks Act 1997 · As enacted · Part II · Management of the Bank
12. Remuneration of Directors
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Until the First Annual General Meeting is held under section 10 of this Act, the directors may be paid such remuneration out of the funds of the Bank as may be determined by the Minister. Thereafter the remuneration to be paid to the directors shall be as determined by the shareholders of the
Bank at every Annual General Meeting.
Regional Development Banks Act, No. 6 of 199711