2. Amendment of section 7 of the principal enactment

Official English translation. The Sinhala text prevails.

Section 7 of the principal enactment as last amended by Act, No. 22 of 2011 is hereby further amended as follows :—

(1)

in paragraph (b) of that section—

(a)

by the substitution in sub paragraph (xxviii), for the words and figures “part VIII of the

Companies Act, No. 17 of 1982”, of the words and figures “part XI of the Companies Act,

No. 7 of 2007”;

(b)

by the substitution in sub-paragraph (lxi), for the words and figures “the profits and income of the Insurance Board of Sri Lanka, established by the Regulation of Insurance

Industry Act, No. 43 of 2000,”, of the words and figures “the Insurance Board of Sri Lanka, established by the Regulation of Insurance

Industry Act, No. 43 of 2000;”;

(c)

by the addition, immediately after sub-paragraph (lxi), of the following new sub-paragraphs:—

“(lxii)

the Institute of Certified Management

Accountants of Sri Lanka established by the Institute of Certified

Management Accountants of Sri Lanka

Act, No. 23 of 2009; and

(lxiii)

the Fund established by the National

Child Protection Authority Act, No. 50

of 1998.”;

(2)

in paragraph (e) of that section—

(a)

by the substitution for the words and figures

“the profits and income accruing prior to

April 1, 2011, of a charitable institution,”, of the words “the profits and income of a charitable institution,”;

(b)

by the substitution in sub-paragraph (i) of that paragraph, for the words “the profits of a business”, of the words and figures “the profits for any year of assessment commencing prior to April 1, 2011, of a business”.

Read on from s 3