Section No :

Legislative Enactments NATIONAL SAVINGS BANK Marginal Notes 1. This Act may be cited as the National Savings Bank Act. 2. Establishment of the National Savings Bank. [2, 28 of 1995] 2A. Object of the Bank.[3, 28 of 1995] 3. Seal of the Bank.[2, 22 of 1999] 4. Principal place of business and branches and agencies of the Bank.[3, 22 of 1999] 5. Capital of the Bank. [4, 28 of 1995] 6. Authorized activities and functions of the Bank.[5, 28 of 1995][4, 22 of 1999] 7. Management of the Bank vested in the Board. 8. Constitution at the Board. [6, 28 of 1995] 9. Disqualifications for being appointed a director of the Board.[ 2, Law 8 of 1978] [7, 28 of 1995] 10. Remuneration of directors. 11. Chairman of the Board. [8, 28 of 1995] 12. Quorum for any meeting of the Board. 13. Meetings of the Board. [9, 28 of 1995] 14. Disclosure of interest by a director. 15. Minutes of meeting of the Board. 16. Determination of question at meetings of the Board. 17. Granting of financial accommodation. [10, 28 of 1995] 17A. Information to be furnished to the Minister.[11, 28 of 1995] 18. Guarantee by the Government of Sri Lanka. 19. Expenses of the Bank. [12, 28 of 1995] 20. Establishment of reserves. [13, 28 of 1995] 21. [14, 28 of 1995] 22. [14, 28 of 1995] 23. [14, 28 of 1995] 24. Person who may execute documents for and on behalf of the Government. 25. Receipts when valid. 26. Appointment of the General Manager. [15, 28 of 1995][5, 22 of 1999] 26A. Delegation of powers to the General Manager and any other officer.[6, 22 of 1999] 27. Appointment of advisers and consultants.[16, 28 of 1995] 28. [17, 28 of 1995] 29. [17, 28 of 1995] 30. No liability for damage or loss caused otherwise than by misconduct or wilful default.[18, 28 of 1995] 31. Officers to furnish security. 32. Reimbursement for expenses incurred on behalf of the Bank. [19, 28 of 1995] 33. Declaration of secrecy.[20, 28 of 1995] 34. Right to refuse to answer questions. [21, 28 of 1995] 35. Funds and scheme for benefit of officers and servants of the Bank and dependants. [22, 28 of 1995] 36. Accounts of the Bank. [23, 28 of 1995] 37. Audit of account of the Bank. [24, 28 of 1995] 38. Documents to be transmitted to the Minister to be laid before Parliament. 39. [25, 28 of 1995] 40. [25, 28 of 1995] 41. Interest to be paid. [26, 28 of 1995] [7, 22 of 1999] 42. Payments other an interest. [27, 28 of 1995][8, 22 of 1999] 43. Accounts by or on behalf of minors. 44. Nominations by persons having a deposit or savings account. [28, 28 of 1995] 45. Settlement of disputes. 46. Payment in case of incapacity. [29, 28 of 1995] 47. Deposits Reserve. [ 2, 8 of 1982] [30, 28 of 1995] [9, 22 of 1999] 48. Registered address and notices. [31, 28 of 1995] 49. No director or employee of the Bank to guarantee loans. 50. Restrictions on loans to directors, & c. [32, 28 of 1995] 51. Priority of charge created by loan granted by Bank. [33, 28 of 1995] 52. [34, 28 of 1995] 53. [34, 28 of 1995] 54. [34, 28 of 1995] 55. [34, 28 of 1995] 56. [34, 28 of 1995] 57. [34, 28 of 1995] 58. [34, 28 of 1995] 59. [34, 28 of 1995] 60. Power of Bank to inspect valuation rolls of local rating or taxing authority. 61. [34, 28 of 1995] 62. [34, 28 of 1995] 63. [34, 28 of 1995] 64. [34, 28 of 1995] 65. [34, 28 of 1995] 66. [34, 28 of 1995] 67. [34, 28 of 1995] 68. [34, 28 of 1995] 69. [34, 28 of 1995] 70. [34, 28 of 1995] 71. [34, 28 of 1995] 72. [34, 28 of 1995] 73. [34, 28 of 1995] 74. [34, 28 of 1995] 75. Certain payments to be made from the funds of the Bank. 76. Loans from the central Bank. 77. Appointment of public officers to the staff of the Bank. [35, 28 of 1995] 78. Debt Conciliation Ordinance not to apply to debts due to the Bank. [36, 28 of 1995] 79. Pawnbrokers Ordinance not to apply. [37, 28 of 1995] [10, 22 of 1999] 80. Exemption from stamp duty. 81. [38, 28 of 1995] 82. Offences. 83. Offences by bodies of persons. 84. Rules. [39, 28 of 1995] 85. Regulations. 86. Repeal of certain laws dissolution of certain institutions, consequential provisions. 87. Interpretation. [2, 33 of 1987][40, 28 of 1995] [11, 22 of 1999]