23. Amendment of section 113 of the principal enactment

Section 113 of the principal enactment is hereby amended by the addition immediately after subsection (4)

of that section, of the following new subsection:-

“(5) Any bank or financial institution shall invest five per centum of its taxable income in such instalment as may be specified by the

Commissioner-General on or before the same dates as specified for income tax purposes in subsection (1) of this section in the investment fund established in accordance with the guidelines issued for this purpose by the Central Bank of Sri Lanka with the concurrence of the Commissioner-General for a period of three years commencing from April 1, 2011 or where such bank or financial institution is established after April 1, 2011, then, from the date of such establishment.”.