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Contents

Part III · Composition of and the Administration and Management of the Affairs of the Commission

22. Expenses incurred by a member, officer, &c. of the Commission in any suit or proceeding

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Any expense incurred by any member, officer or employee of the Commission in any suit or proceeding brought against such person before any court or the

International Commercial Dispute Resolution Centre established in terms of this Act, or such other body in respect of any act which is done, or is purported to be done, in terms of this Act or on the direction of the Commission shall be paid out of the Fund of the Commission and any costs paid to, or recovered by, the Commission in any such suit or proceeding, shall be credited to the Fund of the Commission:

Provided however, if the court or the International

Commercial Dispute Resolution Centre or such other body, holds that such act was not done in good faith, such expense paid out of the Fund of the Commission shall be recovered from such person and be credited to the Fund of the

Commission.

Part IV

Fund of the Commission

Part V

The Director-General and the Staff of the Commission

Part VI

Part VII

Offshore Companies to Operate Within the Area of Authority of the Colombo Port City

Part VIII

Offshore Banking Business in and from the Area of Authority of the Colombo Port City

Part IX

Determination and Grant of Exemptions or Incentives for the Promotion of Businesses of Strategic Importance

Part X

Applicability of the Condominium Management Authority Law and the Apartment Ownership Law

Part XI

Applicability of the Securities and Exchange Commission Act

Part XII

Estate Manager and Provision of General Services

Part XIII

International Commercial Dispute Resolution Centre

Part XIV

Priority in Hearing Legal Proceedings

Part XV

Interim Provisions and Investment Protection

Part XVI

Miscellaneous Provisions

Schedules