INSTITUTE OF BANKERS OF SRI LANKA
(INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Institute of Bankers of Sri Lanka.

3. Objects of the Institute.

4. Governing Board of the Institute.

5. Powers of the Institute.

6. Liabilities of and debts due to the Institute.

7. Rules.

8. Interpretation.

26 of 1979.

AN ACT to incorporate the Institute of Bankers of Sri Lanka.

[Date of Commencement: 25th April, 1979]

1. Short title.

This Act may be cited as the Institute of Bankers of Sri Lanka (Incorporation) Act.

2. Incorporation of the Institute of Bankers of Sri Lanka.

(1) The persons who on the 25th day of April, 1979, are the members of the Governing Body of the Bankers Training Institute (Ceylon), such other persons as hereafter constitute the Governing Board of the Institute of Bankers of Sri Lanka and such other persons as are hereafter enrolled as members of the Institute of Bankers of Sri Lanka shall be a body corporate with the name Institute of Bankers of Sri Lanka (hereinafter in this Act referred to as the "Institute”).

(2) The Institute shall have perpetual succession and a common seal and may sue and be sued in its corporate name.

3. Objects of the Institute.

The objects of the Institute are—

(a) to provide instruction and training for employees of banking institutions and for employees of the Central Bank of Ceylon in the study of the theory and practice of banking and of related subjects and for such purpose to provide all facilities including lectures, discussions and library facilities;

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