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As enacted
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28. Amendment of section 61 of the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Section 61 of the principal enactment as amended by Act, No. 10 of 2007, is hereby further amended in paragraph (b) of subsection (1) of that section as follows:—

(1)

by the substitution in sub-paragraph (ii) of that paragraph, for the words “gross dividends distributed by such company in such preceding year, where such company has in the preceding year distributed”, of the words “gross dividends distributed by such company out of such distributable profits, within a period of eighteen months immediately succeeding the commencement of such preceding year, where such company has within such period distributed”; and

(2)

in the definition in that paragraph of the expression

“relevant part”:—

(a)

by the repeal of paragraph (b) of that definition, and the substitution therefor of the following paragraph:—

“(b)

to any registered society referred to in paragraph (h) of section 7, during the period referred to in that paragraph;”;

(b)

by the addition immediately after paragraph (d) of that definition, of the following new paragraphs:—

Act, No. 9 of 2008

“(e)

to any unit trust or to any mutual fund;

(f)

to Api Wenuwen Api Fund established by the Api Wenuwen Api Fund Act,

No. 6 of 2008;”.

Read on from s 29