Regional Development Banks Act 1997 · As enacted · Part II · Management of the Bank
6. Board of Directors
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
The management and administration of the affairs and business of the Bank shall vest in a Board of Directors
(hereinafter referred to as “the Board”).
The Board may exercise, all the powers of the Bank under this Act or any other.law, and do all acts and things which it is authorised to do and perform under this Act or such other law as the case may be.
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The Board shall in exercising its powers act on sound business principles and have due regard to the economic development of the region within which the Bank operates.
region
“region” means one or more of the administrative districts specified in Administrative Districts Act;