INSUBCONTINENT EXCLUSIVE:
42 of 2011, as per Section 10(2) of the Finance Business Act, No
42 of 2011 (the Act), which states that no person, other than a finance company and an institution specified in Section 10(6) of the Act,
transliterations or their equivalents in any language, as part of the name or the description or the business name of such person without
prior written approval of the Central Bank of Sri Lanka.In terms of Section 56(4) of the Act, any person who contravenes or fails to comply
with the said provision is guilty of an offence under the Act, it pointed out.Meanwhile, the CBSL highlighted that the public is strongly
advised to adhere to the aforesaid legal requirement.
