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srilawsby aturio
As enacted
Contents

Part VI

38. Lease of Marketable Land, or transfer on freehold basis, lease or rent of condominium parcels, in designated foreign currency (other than in Sri Lanka Rupees)

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

The Commission may, subject to the provisions of this Act, the provisions of the Land (Restrictions on

Alienation) Act, No. 38 of 2014 and other applicable written laws-

(a)

lease, Government Marketable Land situated within the Area of Authority of the Colombo Port City and vested in the Commission in terms of this Act;

(b)

lease, Project Company Marketable Land situated within the Area of Authority of the Colombo Port

City and vested in the Commission in terms of this

Act, jointly with the Project Company which holds

Master Leases relating thereto;

(c)

lease or transfer on freehold basis, condominium parcels standing on Government Marketable Land situated within the Area of Authority of the Colombo

Port City and vested in the Commission in terms of this Act, jointly with the respective investor or developer, as the case may be;

(d)

lease or transfer on freehold basis, condominium parcels standing on Project Company Marketable

Land situated within the Area of Authority of the

Colombo Port City and vested in the Commission in terms of this Act, jointly with the Project Company which holds Master Leases relating thereto, to any person, and payment therefor shall be made in any designated foreign currency, other than Sri Lanka

Rupees.

Read on from s 39

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

Schedules