ECONOMYNEXT – Sri Lanka’s central bank said it has decided to cancel the licence of Central Investment and Finance (CIFL) , a troubled finance company, under the provision of the Finance Business Act no.42 of 2011.
Notice of cancellation has been issued to the company, a stock exchange filing said. Trading of CIFL shares were suspended pending the accouncement.
The central bank said CIFL can object to the cancellation in writing to its Monetary Board.
Notice of cancellation has been issued to the company, a stock exchange filing said. Trading of CIFL shares were suspended pending the accouncement.
The central bank said CIFL can object to the cancellation in writing to its Monetary Board.
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