37. Amendment of section 94 of the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Section 94 of the principal enactment is hereby amended as follows:—

(1)

in subsection (1) of that section, by the substitution for the words “and appoint as its principal officer”, of the words “and with the approval of the Board, appoint as its principal officer,”; and

“Carrying on the function of a loss adjuster without being duly registered, to be an offence.

Act, No. 3 of 2011

“Board to be informed of any alteration in the particulars submitted with an application for registration.

“Board to require increase of paid-up share capital.

(2)

by the insertion immediately after subsection (1) of that section, of the following new subsection:—

“(1A) The disqualifications specified in the

Second Schedule to this Act, shall mutatis mutandis apply to and in regard to the disqualifications applicable to a person employed as a principal officer under subsection (1).”.

Read on from s 38