Section No :

Legislative Enactments BANK OF CEYLON Marginal Notes 1. This Ordinance may be cited as the Bank of Ceylon Ordinance. 2. Establishment of bank. 3. Incorporation of bank. 4. Central office. [ 2,10 of 1974] 5. Branches and agencies. 6. Board of directors of the bank.[ 3,10 of 1974] 7. Capital. [ 2, 60 of 1980] [ 2, 54 of 2000] 8. Permanent reserve fund.[ 5,10 of 1974] 9. Contingency fund. [ 6,10 of 1974] 10. Government guarantee. [ 7,10 of 1974] 11. Disclosure of interest by a director. [ 8,10 of 1974] 12. Director to disclose any obligation to other banks and lending institutions. [ 9,10 of 1974] 13. Provisions relating to applications for loans, & c, and their disposal. [10,10 of 1974] 14. Nominations by persons having a deposit or savings account.[ 11,10 of 1974] 15. Default of payment. [ 12,10 of 1974] 16. Action by board where default is made.[ 12,10 of 1974][ 3, 54 of 2000] 17. Authorization of manager to take possession of immovable property.[ 4,54 of 2000] 17A. Authorization of person to seize movable property. [ 5,54 of 2000] 18. Procedure where manager is appointed. [ 12,10 of 1974] 19. Authorization of sale of mortgaged property.[ 12,10 of 1974] [ 6,54 of 2000] 20. Where borrower is dead.[ 12,10 of 1974] 21. Notice of resolution of Board to sell mortgaged property.[ 8,54 of 2000] 22. Notice of sale. [ 12,10 of 1974] 23. Payment before sale. [ 12,10 of 1974] 24. Upset price. [ 12,10 of 1974] 25. Default in respect of one of several loans on same property. [12,10 of 1974] 26. Recovery of expenses and costs incurred by the bank [12,10 of 1974] 27. Payment of excess balance. [ 12,10 of 1974] [ 10, 54 of 2000] 28. Certificate of sale. [12,10 of 1974] 29. Order for delivery of possession.[ 12,10 of 1974] 30. Cancellation of sale. [ 12,10 of 1974] 31. Resale by bank. [ 12,10 of 1974] 32. Board not precluded from other methods of recovery. [ 12,10 of 1974] 33. Minister to give directions. [3, 60 of 1980] 41. Contracts. 42. Bills of exchange and promissory notes. 43. Persons authorized to act on behalf of the bank. 44. Execution of deeds abroad. 56. Appointment of staff. [ 16,10 of 1974] 57. Officers to furnish security. [ 17,10 of 1974] 58. Dismissal of general manager. [ 18,10 of 1974] 59. No liability for damage or loss caused otherwise than by misconduct or willful or default. 60. Reimbursement for incurred on behalf of the bank. [19,10 of 1974] 61. Declaration of secrecy. [ 20,10 of 1974] 62. Right to refuse to answer questions. 63. Receipts when valid. 64. Inspection of documents. [ 21,10 of 1974] 65. Application of the provisions of the Public Corporations (Financial Control) Act. [ 22,10 of 1974] 68. Money Lending Ordinance and Debt Conciliation Ordinance not to apply to debts due to the bank. [ 24,10 of 1974] 69. Pawnbrokers Ordinance not to apply to debts due to the bank. [ 24,10 of 1974] 69A. Bank may possess rubber in excess of quantity prescribed by Rubber Control Act. [ 25,10 of 1974] 69B. Bank may possess tea in excess of quantity prescribed by Tea Control Act. [ 25,10 of 1974] 69C. Bank may possess excise articles in excess of quantity declared to be limit of sale by retail. [ 25,10 of 1974] 69D. Tea and Rubber Estates (Control of Fragmentation) Act not to apply to transfer of property authorized to be sold under section 19. [ 25,10 of 1974] 70. Application of the Provision of the companies Ordinance. 71. Business which the bank transact. 72. By-taws of the bank. 74. Applications to the Minister. 76. Interpretation.