As enacted

Contents

Colombo Port City Economic Commission Act 2021 · As enacted · Part VI

26. Authorised persons to be permitted to engage in business in and from the Area of Authority of the Colombo Port City

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

(1)

A person other than an authorised person in terms of this Act, shall not be permitted to engage in business, in and from the Area of Authority of the Colombo Port City.

(2)

In the case of a person intending to engage in business in and from the Area of Authority of the Colombo Port City, a licence issued by the Commission under this Part of this

Act, shall be required for an applicant to be qualified as an authorised person and to be permitted to engage in business in and from the Area of Authority of the Colombo Port City.

(3)

In the case of a company intending to engage in business in and from the Area of Authority of the Colombo

Port City–

(a)

a license issued by the Commission under this Part of this Act; and

(b)

a Certificate of Registration issued under Part VII of this Act, shall be required for an applicant to be qualified as an authorised person and be permitted to engage in business in and from the Area of Authority of the Colombo Port City.

(4)

In the case of a company intending to engage in offshore banking business-

(a)

a license issued by the Commission under this Part of this Act;

(b)

a Certificate of Registration issued under Part VII of this Act; and

(c)

a license issued under Part VIII of this Act, shall be required for an applicant to be qualified as an authorised person and to be permitted to engage in offshore banking business in and from the Area of Authority of the

Colombo Port City.

Read on from s 27

Part VII

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

Read on from Part VII

Part VIII

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

Read on from Part VIII

Part IX

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

Read on from Part IX

Part X

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

Read on from Part X

Part XI

Applicability of the Securities and Exchange Commission Act

Read on from Part XI

Part XII

Estate Manager and Provision of General Services

Read on from Part XII

Part XIII

International Commercial Dispute Resolution Centre

Read on from Part XIII

Part XIV

Priority in Hearing Legal Proceedings

Read on from Part XIV

Part XV

Interim Provisions and Investment Protection

Read on from Part XV

Part XVI

Miscellaneous Provisions

Read on from Part XVI