Central Bank Revokes License of Co-operative Leasing Company Limited

Sri Lanka’s central bank cancels Co‑operative Leasing registration

ECONOMYNEXT – Sri Lanka’s central bank has cancelled the registration of Co-operative Leasing Company Limited for its repeated failure to comply with regulatory requirements, with effect from June 10. “The public is hereby informed that, CLCL shall have no authority to carry on any new finance leasing business except such business as it had entered into before the date on which the cancellation takes effect,” the central bank said. Co-operative …

Central Bank Revokes License of Co-operative Leasing Company Limited

Co-operative Leasing Company Limited (CLCL), recognized as a Registered Finance Leasing Establishment under the Finance Leasing Act, No. 56 of 2000, as amended, has repeatedly […] The post Central Bank Revokes License of Co-operative Leasing Company Limited appeared first on FINANCIAL CHRONICLE.

Cancellation of the Registration of Co-operative Leasing Company Limited as a Registered Finance Leasing Establishment under the Finance Leasing Act No. 56 of 2000 | Central Bank of Sri Lanka

Co-operative Leasing Company Limited (CLCL), a Registered Finance Leasing Establishment under the Finance Leasing Act, No 56 of 2000, as amended  (FLA), has acted in contravention of the Directions issued by the Director, Department of Supervision of Non-Bank Financial Institutions (DSNBFI) of the Central Bank of Sri Lanka by its repeated failure to comply with the Finance Leasing (Reporting  Requirements) Direction No. 2 of 2010 and had also fa…