9. of section 22np of the principal enactment,
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Section 22pp of the principal enactment is hereby amended as follows :—
by the repeal of paragraph (i) of subsection (1) of that section and the substitution of the following paragraph therefor :—
“ (i) incorporated on oF after April 1, 1988, but prior to April-1, 1984 with not less than ninety-five per centum of its capital con-tributed, in the form of money or other-wise, by—
the State
; and
any public corporation or body corporate
; and” ; and
by the repeal of subsection (2) of that section, and the substitution, of the following subsection there-for :—
“ (2) The exemption referred to in subsection (1)
shall cease when the profits and income of a com-pany which are exempt from income tax under that subsection amount to a sum equal to twice the issued capital of that company as at March 31, 1984.”.