ANNOUNCED AS TEMPORARYNo
Controls on credit operations
On 22 November 2010, Sri Lanka through extraordinary Gazette notification no. 1681/11 permitted companies incorporated in Sri Lanka to issue and transfer convertible or non-covertible, redeemable or non-redeemable debentures denominated in Sri Lankan Rupees to foreign institutional investors, corporate bodies incorporated outside Sri Lanka, individuals and Sri Lankans resident outside Sri Lanka.
This liberalisation is subject to the following conditions:
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