25. Amendment of section 62 of the principal enactment

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

Section 62 of the principal enactment is hereby amended as follows :—

(1)

in subsection (1) of that section, by the substitution for the words “Where, in the case of a company controlled by not more than five persons, the Assessor is satisfied that the company has not distributed”, of the following words :-

“Where, in the case of —

(a)

a company controlled by not more than five persons, in respect of any year of assessment commencing on or before April 1, 2005 ; or

(b)

any company in respect of any year of assessment commencing on or after

April 1, 2005, the Assessor is satisfied that the company has not distributed”, and

(2)

by the repeal of subsection (7) of that section.

Read on from s 26