8. Amendment of section 9 of the principal enactment

Section 9 of the principal enactment is hereby amended in subsection (1) thereof by the repeal of paragraph (c) thereof and the substitution therefor of the following: -

“(c)

become insolvent and winding up proceedings have been instituted under any other written law for the time being in force, whether in or outside Sri

Lanka and a liquidator or receiver has been appointed for such bank in the interest of its depositors and creditors; or”.