Compensation is to be paid to depositors of now defunct Central Investment and Finance PLC (CIFL) and The Standard Credit Finance Limited (TSCFL).
The Central Bank (CB) has already taken steps to pay compensation to the depositors of CIFL and TSCFL as per the provisions of the Sri Lanka Deposit Insurance and Liquidity Support Scheme.
The licences issued to Central Investment and Finance PLC (CIFL) and The Standard Credit Finance Limited (TSCFL) to carry on finance business have been cancelled on 05.03.2018 and 25.07.2018, respectively in terms of Section 37 of the Finance Business Act No. 42 of 2011.
However, certain depositors of CIFL and TSCFL have not yet submitted their claims to the CBSL.
The depositors who have not yet submitted their claims for compensation have been requested to submit duly completed claim forms as along with required documents as given in the instructions.
Further, 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 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 mail room of CBSL Head Office or be sent by registered post on or before 17.01.2020 to the following address. Mentioning as “CIFL” or “TSCFL” on the top left-hand corner of the envelop as applicable.
Any further details can be obtained from CBSL Head Office
. The Director Resolution and Enforcement Department Central Bank of Sri Lanka No. 30, Janadhipathi Mawatha, Colombo 01
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