TKS Finance Limited (TKSFL) has been barred from carrying out its finance business following the cancelation of its license by the Central Bank
The licence issued to TKS Finance Limited (TKSFL) has been cancelled with effect from 19.09.2019 in terms of Section 37 of the Finance Business Act No. 42 of 2011, Central Bank announced.
The Certificate of Registration of TKSFL as a Registered Finance Leasing Establishment under the provisions of the Finance Leasing Act No. 56 of 2000 (FLA) has also been cancelled with effect from 09.10.2019.
The Central Bank will take steps to pay compensation to all insured depositors as per the provisions of the Sri Lanka Deposit Insurance and Liquidity Support Scheme.
All depositors have been requested to submit the duly completed claim forms along with required documents as given in the instructions for paying compensation.
Joint depositors are required to submit separate claim forms. Compensation payments for depositors will be directly credited to specified bank accounts through Sri Lanka Inter Bank Payment System (SLIPS).
The claim form is also available in the Central Bank web site – www.cbsl.gov.lk and copies of the same are available at Head Office and Regional Offices of CBSL in Matale, Matara, Anuradhapura, Trincomalee, Nuwara Eliya and Kilinochchi.
Duly completed claim forms along with the required documents should either be hand delivered to CBSL mail room or be sent by registered post on or before 15.11.2019
(LI)