ACT, No. 45 OF 2011

45of2011.pdf
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PARLIAMENT OF THE DEMOCRATIC
SOCIALIST REPUBLIC OF
SRI LANKA
HOUSING DEVELOPMENT FINANCE
CORPORATION BANK OF SRI LANKA
(AMENDMENT) ACT, No. 45 OF 2011
[Certified on 21st November, 2011]
Printed on the Order of Government
Published as a Supplement to Part II of the Gazette of the Democratic
Socialist Republic of Sri Lanka of November 25, 2011
PRINTEDATTHE DEPARTMENTOFGOVERNMENTPRINTING,SRILANKA
TO BEPURCHASED AT THE GOVERNMENT PUBLICATIONS BUREAU, COLOMBO 5
Price : Rs. 3.00 Postage : Rs. 5.00

Housing Development Finance Corporation 1
Bank of Sri Lanka (Amendment) Act, No. 45 of 2011
[Certified on 21st November, 2011]
L.D.—O. 2/2011.
ANACTTO AMEND THE HOUSINGDEVELOPMENT FINANCE
CORPORATION BANK OF SRI LANKA ACT, NO. 7 OF 1997
BE it enacted by the Parliament of the Democratic Socialist
Republic of Sri Lanka as follows :—
1. This Act may be cited as the Housing Development Short title.
Finance Corporation Bank of Sri Lanka (Amendment) Act,
No. 45 of 2011.
2. The Housing Development Finance Corporation Bank Amendment of
of Sri Lanka Act, No. 7 of 1997 (hereinafter referred to as the section 13 of
Housing
“principal enactment”) is hereby amended in section 13 Development
thereof as follows :— Finance
Corporation
(1) by the repeal of paragraph (l) thereof and the Bank of Sri
Lanka Act,
substitution therefor of the following :— No. 7 of 1997.
“(l) to borrow or raise money;”;
(2) by the addition immediately after paragraph (m)
thereof of the following paragraph :—
“(n) to carry on such forms of business as are
specified in Schedule IV to the Banking Act,
No. 30 of 1980, subject to such restrictions as
may be expressly stipulated in the licence
issued by the Monetary Board under the said
Act.”.
3. Section 16 of the principal enactment is hereby Amendment of
amended in sub section (1) thereof by the substitution for the section 16 of the
principal
words “twenty million shares of one hundred rupees
enactment.
each.” of the words “two hundred million shares of ten rupees
each.”.
2 Housing Development Finance Corporation
Bank of Sri Lanka (Amendment) Act, No. 45 of 2011
Sinhala text to 4. In the event of any inconsistency between the Sinhala
prevail in case of
inconsistency. and Tamil texts of this Act, the Sinhala text shall prevail.

Housing Development Finance Corporation 3
Bank of Sri Lanka (Amendment) Act, No. 45 of 2011
Annual subscription of English Bills and Acts of the Parliament Rs. 885 (Local), Rs. 1,180
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