2. Amendment of section 6 of the Law…

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 6 of the Board of Investment of Sri Lanka

Law, No. 4 of 1978 (hereinafter referred to as the “principal enactment”) is hereby amended as follows:—

(1)

by the repeal of subsection (1) of that section and the substitution therefor of the following subsection:—

“(1) the Board shall consist of five members to be appointed by the President, one of whom shall be appointed as the Chairman of the

Commission.”;

(2)

by the substitution, in subsection (2) of that section, for the words “period of five years”, of the words

“period of three years”;

(3)

by the substitution, in subsection (7) of that section, for the words “Director-General, Additional

Director-General or any other member”, of the word

“Chairman”;

(4)

by the addition immediately after subsection (7) of that section, of the following new subsection:—

“(8) the Chairman shall preside at all meetings of the Board and shall have a casting vote. In the absence of the Chairman from any meeting of the

Board, a member elected by the members present shall preside at such meeting.”.