| 1.
| | This Act may be cited as the People's Bank Act. |
| 2.
| | Establishment of the People's Bank. |
| 3.
| | Seal of the Bank. |
| 4.
| | Purposes of the bank. [ 2,32 of 1986] |
| 5.
| | Powers of the Bank. [ 2,32 of 1986] |
| 6.
| | Principal place of business and branches and agencies of the Bank. |
| 7.
| | Management of affairs and business of the Bank. |
| 8.
| | Board of Directors. [ 2, 61 of 1980] |
| 9.
| | General body of the Bank. |
| 10.
| | The Chairman of the Board. [ 3, Law 25 of 1978] |
| 11.
| | Director to disclose his interest in any loan or other accommodation to be considered by the Board. |
| 12.
| | Capital. [ 3, 61 of 1980] [2, 16 of 2019] |
| 13.
| | Sale of shares. |
| 14.
| | Liability of a shareholder. |
| 15.
| | Sums to be granted or lent by Government to the Bank. |
| 16.
| | Commencement of business by the Bank. |
| 17.
| | Powers of the Permanent Secretary until commencement of business by the Bank. |
| 18.
| | Acts commenced by the Permanent Secretary may be continued by the Board. |
| 19.
| | Building Fund. |
| 20.
| | The Bank to raise money by the issue of debentures for granting medium term and long term loans. [3, 16 of 2019] |
| 21.
| | Government guarantee. [4, 16 of 2019] |
| 22.
| | General Reserve and Special Reserve. |
| 23.
| | Dissolution of the Co operative Federal bank of Ceylon, Limited. |
| 24.
| | Power of Minister to dissolve a co-operative bank. |
| 25.
| | Deposit of money and obtaining of long-term or medium-term loans by co-operative societies. |
| 26.
| | Loans, overdrafts and other accommodation to be granted only in certain circumstances. |
| 27.
| | Power of the Board to inspect valuation rolls of local rating or taxing authority. |
| 28.
| | Registered address of borrower, & c. |
| 29.
| | Default of payment and penal Interest in case of default. [ 3,32 of 1986] |
| 29A.
| | Action by Board here default is made. [ 4,32 of 1986] |
| 29B.
| | Authorization of Manager to take possession of mortgaged property. [ 4,32 of 1986] |
| 29C.
| | Procedure where manager is appointed. [ 4,32 of 1986] |
| 29D.
| | Authorization of sale of mortgaged property. [ 4,32 of 1986] |
| 29E.
| | Where borrower is dead. [ 4,32 of 1986] |
| 29F.
| | Notice of resolution. [ 4,32 of 1986] |
| 29G.
| | Notice of Sale. [ 4,32 of 1986] |
| 29H.
| | Payment before sale. [ 4,32 of 1986] |
| 29J.
| | Upset price. [ 4,32 of 1986] |
| 29K.
| | Default in respect of one of several loans on same property. [ 4,32 of 1986] |
| 29L.
| | Recovery of expenses and costs incurred by the bank.[ 4,32 of 1986] |
| 29M.
| | Payment of excess.[ 4,32 of 1986] |
| 29N.
| | Certificate of sale. [ 4,32 of 1986] |
| 29P.
| | Order for delivery of possession. [ 4,32 of 1986] |
| 29Q.
| | Cancellation of sale. [ 4,32 of 1986] |
| 29R.
| | Resale by the Bank. [ 4,32 of 1986] |
| 29S.
| | Limit of retention of property by the Bank. [ 4,32 of 1986] |
| 29T.
| | Meaning of property. [ 4,32 of 1986] |
| 30.
| | Section 30 Repealed by [ 5,32 of 1986] |
| 32.
| | Delegation of powers and duties of the board. |
| 33.
| | Accounts. |
| 34.
| | Audit. |
| 35.
| | Documents to be transmitted to the Minister and the Minister in charge of the subject of Finance to be laid before Parliament. |
| 36.
| | Power of certain officers of the Bank to examine the books and accounts of any cooperative society to which, and of any other person to whom, a loan has been granted by the Bank. |
| 37.
| | The Board's powers to recommend to the Commissioner of Cooperative Development the dissolution and liquidation of a co-operative society which, on the examination of its affairs under section 36, is found to be insolvent, & c. |
| 38.
| | Offences. |
| 39.
| | Punishment for offences. |
| 40.
| | Offences by body of persons. |
| 41.
| | Exemption from income tax and stamp duty. [57(1), 18 of 1965] |
| 42.
| | The Bank to be deemed to be a suitable person to manage and administer the affairs of certain co-operative societies. |
| 42A.
| | Minister to give directions. [4, 61 of 1980] |
| 43.
| | Regulations. [5, 16 of 2019] |
| 44.
| | This Act to have effect notwithstanding the provisions of the Co-operative Societies Law. |
| 45.
| | The provisions of the Companies Ordinance* only to apply to the Bank if they are made applicable by Order of the Minister. |
| 48.
| | Interpretation. [ 6,32 of 1986] |
|