Alphabetical List of Statutes
People's Bank (Acquisition of Premises) Act
People's Bank Act
PEOPLE’S BANK ACT
Arrangement of Sections
1. Short title.
2. Establishment of the People’s Bank.
3. Seal of the Bank.
4. Purposes of the Bank.
5. Powers of the Bank.
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.
9. General body of the Bank.
10. The Chairman of the Board.
11. Director to disclose his interest in any loan or other accommodation to be considered by the Board.
12. Capital.
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.
21. Government guarantee.
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.
29. Default of payment and penal Interest in case of default.
29A. Action by Board where default is made.
29B. Authorisation of Manager to take possession of mortgaged property.
29C. Procedure where Manager is appointed.
29D. Authorisation of sale of mortgaged property.
29E. Where borrower is dead.
29F. Notice of resolution.
29G. Notice of sale.
29H. Payment before sale.
29J. Upset price.
29K. Default in respect of one of several loans on same property.
29L. Recovery of expenses and costs incurred by the Bank.
29M. Payment of excess.
29N. Certificate of sale.
29P. Order for delivery of possession.
29Q. Cancellation of sale.
29R. Resale by the Bank.
29S. Limit of retention of property by the Bank.
29T. Meaning of property.
30. Repealed.
31. Repealed.
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 co-operative 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 co-operative 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.
38. Offences.
39. Punishment for offences.
40. Offences by body of persons.
41. Repealed.
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.
43. Regulations.
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.
46. Omitted.
47. Omitted.
48. Interpretation.
43 of 1973,
25 of 1978,
29 of 1961,
11 of 1963,
18 of 1965,
16 of 1969,
61 of 1980,
43 of 1982,
32 of 1986,
1386-18-2005,
16 of 2019.
AN ACT to provide for the establishment of the people’s bank and to dissolve the Co-operative Federal Bank of Ceylon, Ltd, and to provide for matters connected with or incidental to the matters aforesaid.
[Date of Commencement: 30th May, 1961]
1. Short title.
This Act may be cited as the People’s Bank Act.
2. Establishment of the People’s Bank.
(1) There shall be established a bank which shall be called the People’s Bank (hereafter in this Act referred to as the Bank) and which shall consist of the persons who are for the time being shareholders of the Bank.
(2) The Bank shall by the name assigned to it by subsection (1) be a body corporate and shall have perpetual succession and a common seal and may sue and be sued in such name.
3. Seal of the Bank.
(1) The seal of the Bank shall be judicially noticed and shall be in the custody of the Board of Directors of the Bank.
(2) The seal of the Bank may be altered in such manner as may be determined by the Bank.
4. Purposes of the Bank.
The purposes of the Bank shall be:
(1) to develop and assist–
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Peradeniya Sri Sarananda Bauddha Sangamaya (Incorporation) Act
Periya Moulana, Zain Moulana Shrines and Thakiyas Development Society (Incorporation) Act
Personal Data Protection Act
Personal Data Protection Act
Arrangement of Sections
1. Short title and date of operation.
2. Application of this Act.
3. The provisions of this Act to prevail in case of any inconsistency.
PART I
PROCESSING OF PERSONAL DATA
4. Compliance with the data protection obligations.
5. Obligation to process personal data in a lawful manner.
6. Obligation to define a purpose for personal data processing.
7. Obligation to confine personal data processing to the defined purpose.
8. Obligation to ensure accuracy.
9. Obligation to limit the period of retention.
10. Obligation to maintain integrity and confidentiality.
11. Obligation to process personal data in a transparent manner.
12. Accountability in the processing of personal data.
PART II
RIGHTS OF DATA SUBJECTS
13. Right of access to personal data.
14. Right of withdrawal of the consent and the right to object to processing.
15. Right to rectification or completion.
16. Right to erasure.
17. Grant or refusal of rectification, completion, erasure or refrain from further processing.
18. Automated individual decision making.
19. Right of appeal of the data subjects to the Authority and the process of determination of such appeal.
PART III
CONTROLLERS AND PROCESSORS
20. Designation or appointment of the Data Protection Officer.
21. Additional obligations of a controller.
22. Additional obligations of the processors.
23. Personal data breach notifications.
24. Personal data protection impact assessments.
25. Measures to mitigate risks of harm and the requirement for prior consultation.
26. Cross-border data flow.
PART IV
USE OF PERSONAL DATA TO DISSEMINATE SOLICITED MESSAGES
27. Solicited messages to data subjects by controllers.
PART IV
DATA PROTECTION AUTHORITY
28. Establishment of the Data Protection Authority.
29. Constitution of the Board of Directors.
30. Chairperson of the Board.
31. Objects of the Authority.
32. Powers of the Authority.
33. Duties and functions of the Authority.
34. Authority may issue licences.
35. Directives made by the Authority.
PART VI
DIRECTOR-GENERAL AND THE STAFF OF THE AUTHORITY
36. Appointment of the Director-General.
37. Staff of the Authority.
PART VII
PENALTIES
38. Imposition of penalties.
39. Matters to consider when imposing a penalty.
40. Exemptions, restrictions or derogations.
PART VIII
FUND OF THE AUTHORITY
41. Fund of the Authority.
42. Financial year and audit of accounts.
PART IX
MISCELLANEOUS
43. Power to borrow.
44. Delegation of powers, duties and functions of the Authority.
45. Delegation of powers, duties and functions by the Director-General.
46. Expenses to be paid out of the Fund of the Authority.
47. Review of the performance of the Authority.
48. Annual report.
49. Protection of officers of the Authority from suit or prosecution.
50. All officers and employees of the Authority deemed to be public servants for the purposes of Penal Code.
51. Authority deemed to be a scheduled institution for the purposes of Bribery Act.
52. Rules.
53. Regulations.
54. Official secrecy.
55. Removal of difficulties.
PART IX
INTERPRETATION
56. Interpretation.
57. Sinhala text to prevail in case of inconsistency.
SCHEDULES
9 of 2022.
AN ACT to provide for the regulation of processing of personal data; to identify and strengthen the rights of data subjects in relation to the protection of personal data; to provide for the establishment of the Data Protection Authority; and to provide for matters connected therewith or incidental thereto.
[Date of Commencement: On Notice]
Preamble
WHEREAS it has become necessary to facilitate the growth and innovation in the digital economy in Sri Lanka whilst ensuring the protection of personal data rights of the data subjects:
AND WHEREAS it has become necessary to improve interoperability among personal data protection frameworks as well as to strengthen cross-border co-operation among personal data protection enforcement authorities:
AND WHEREAS it has become necessary for the Government of Sri Lanka to provide for a legal framework to provide for mechanisms for the protection of personal data of data subjects ensuring consumer trust and safeguarding privacy whilst respecting domestic written laws and applicable international legal instruments.
1. Short title and date of operation.
(1) This Act may be cited as the Personal Data Protection Act.
(2) The provisions of this section, shall come into operation on the date on which the certificate of the Speaker is endorsed in respect of this Act in terms of Article 79 of the Constitution.
(3) All other provisions of this Act except the provisions of Part IV and Part V, shall come into operation on such date as the Minister may, appoint by Order published in the Gazette, which shall be a date not earlier than 18 months and not later than 36 months from the date of the certificate of the Speaker referred to in subsection (2).
(4) The date of operation of the provisions of Part IV of this Act, shall be a date not earlier than 24 months and not later than 48 months from the date of certificate referred to in subsection (2).
(5) The date of operation of the provisions of Part V of this Act shall be a date appointed by the Minister by Order published in the Gazette which shall be a date not later than the date appointed by the Minister under subsection (3).
2. Application of this Act.
(1) This Act shall apply to the processing of personal data—
(a) where the processing of personal data takes place wholly or partly within Sri Lanka; or
(b) where the processing of personal data is carried out by a controller or processor who—
(i) is domiciled or ordinarily resident in Sri Lanka;
(ii) is incorporated or established under any written law of Sri Lanka;
(iii) offers goods or services to data subjects in Sri Lanka including the offering of goods or services with specific targeting of data subjects in Sri Lanka; or
(iv) specifically monitors the behaviour of data subjects in Sri Lanka including profiling with the intention of making decisions in relation to the behaviour of such data subjects in so far as such behaviour takes place in Sri Lanka.
(2) For the purposes of paragraphs (iii) and (iv) of subsection (1) respectively, the Authority may, determine by way of rules made under this Act—
(a) the circumstances in which the specific targeting of the data subjects may occur; or
(b) the circumstances in which the specific monitoring of the data subjects may occur.
(3) This Act shall not apply to—
(a) any personal data processed purely for personal, domestic or household purposes by an individual; and
(b) any data other than personal data.
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