Licensed Commercial Bank (LCB definition

Licensed Commercial Bank (LCB means a company or a body corporate licensed under the provisions of the Banking Act, No. 30 of 1988 to carry on banking business in Sri Lanka;
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Examples of Licensed Commercial Bank (LCB in a sentence

  • Register under e-Return system by submitting the Registration Form provided by EPF, directly to the EPF or through a Licensed Commercial Bank (LCB) in Sri Lanka that facilitates the payment of EPF contributions and submission of contribution details through online banking systems for their EPF paying customers.

  • When an eligible investor purchases/sells Treasury bills and Treasury bonds in the secondary market, the investor/ participating agent shall arrange with the Licensed Commercial Bank (LCB) who maintains the SIA to transfer respective Rupee amounts to the relevant party on behalf of the investor.

  • FCAASA may be opened and maintained by an agent on behalf of a foreign principal, at the Domestic Banking Unit (DBU) of a Licensed Commercial Bank (LCB) in Sri Lanka.

  • No person other than a Licensed Commercial Bank (LCB) licensed under the Regulations to function as a service provider of payment cards, shall offer customer account based mobile payment services.

  • They are :♦ Direct Participants♦ Dealer Direct Participants Direct ParticipantsA Licensed Commercial Bank (LCB), a Primary Dealer (PD) or any person appointed by the Central Bank under the provisions of the Local treasury Bills Ordinance (LTBO) or the Registered Stocks and Securities Ordinance (RSSO) to participate in the LankaSecure system is known as a Direct Participant (DP).

  • Accordingly, Sri Lankan senior citizens who opened a one-year fixed deposit of a total of rupees one million or less at a Licensed Commercial Bank (LCB) or Licensed Specialized Bank (LSB) on an individual basis were eligible to receive this special interest rate of 15 percent per annum.

Related to Licensed Commercial Bank (LCB

  • Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000.

  • Scheduled Commercial Bank means any bank included in the second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934).

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Techno-Commercial Bid means proposal submitted by the Bidder in accordance with Clause 8.15.1;

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • Commercial Product means any such product as defined in FAR 2.101.

  • Commercial driver s license" means:

  • Commercial Service means service to Customers engaged primarily in the sale of goods or services including institutions and local, sate and federal government agencies for uses other than those involving manufacturing or electric power generation.

  • Licensed financial institution means a financial institution issued a license under this act.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Pharmaceutical care means the provision of drug therapy and

  • Commercial Launch means the initial First Commercial Sale of a Product in the Territory.

  • international application means an application filed under this Treaty;

  • Commercial applicator means any person, unless exempted in I(4) hereunder, whether or not the person is a private applicator with respect to some uses, who:

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Commercial domicile means the principal place from which the trade or business of the taxpayer is directed or managed.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Website of the European Central Bank means the website of the European Central Bank currently at http://www.ecb.europa.eu or any successor website officially designated by the European Central Bank.

  • Commercial User means all retail stores, restaurants, office buildings, laundries, and other private business and service establishments.

  • Commercial Software means Software developed or regularly used that: (i) has been sold, leased, or licensed to the general public; (ii) has been offered for sale, lease, or license to the general public; (iii) has not been offered, sold, leased, or licensed to the public but will be available for commercial sale, lease, or license in time to satisfy the delivery requirements of this Contract; or (iv) satisfies a criterion expressed in (i), (ii), or (iii) above and would require only minor modifications to meet the requirements of this Contract.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, multi-apartment buildings, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Security Management Plan means the Supplier's security management plan prepared pursuant to paragraph 3 of schedule 2 an outline of which is set out in paragraph 2.7 of the Order Form as updated from time to time;

  • Drug outlet means a pharmacy, nursing home, shelter home, convalescent home, extended care facility, drug abuse treatment center, penal institution, hospital, family planning clinic, student health center, retail store, wholesaler, manufacturer, mail-order vendor or other establishment with facilities located within or out of this state that is engaged in dispensing, delivery or distribution of drugs within this state.

  • Small commercial customer means a DRAM Resource Customer which is a non-Residential Customer with monthly maximum demand of 20 kW or less, including agricultural/pumping customers (PA-1, PA-2, TOU-PA-2 rates) and TOU-EV3, service to electric charging facilities with monthly maximum demand of 20 kW or less. Excludes customers on rate schedules for fixed usage and unmetered service (Schedules LS-1, LS-2, OL-1, TC-1, Wi-Fi-1, and WTR).

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.