Shareholders are due to meet on November 2 to vote on these issues.
In March, the bank had to adjourn their EGM, as shareholders sought extra time to discuss a proposal to amend the Articles of Association, which restricts an investor from owning more than 5-percent of the Sampath.
Under the current Banking Act, the Central Bank restricts single ownership to 10 percent.
Sudarshan says Sampath also needs to amend its restrictive shareholder limit to stay in line with Colombo Stock Exchange listing rules and Securities & Exchange Commission regulations.
"The SEC has, during the past three years, been pressing your company to delete the clause in the Articles of Association relating to the 5-percent restriction," Sampath said i