As enacted

Act of Parliament · As enacted

Institute of Corporation Lawyers (Amendment) Act 1980

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

The text

PARLIAMENT OF THE DEMOCRATIC

SOCIALIST REPUBLIC OF

SRI LANKA

INSTITUTE OF CORPORATION LAWYERS

AMENDMENT) ACT, No. 3 OF 1986

“egg A

Printed on the Orders of Government

Pubitahed as a Supplement to Part II of the Gazette of the Demacratic

Socialist Republic of Sri Lanka of January 18, 1980

PRINTED AT THE DEPARTMENT OF GOVERNMENT PRINTING, SRI LANES

TO HE PURCHASED AT THE GOVT. PUBLICATIONS BUREAU, COLOMBO

Price : 20 cents

Postage:

2 cents .

Institute of Corporation Lawyers (Amendment)

Act, No. 3 of 1980

An ACY TO AMEND THE INSTITUTE OF CORPORATION LAWYERS

Law, No. 33 or 1978.

RE it enacted by the Parliament of the Democratic Socialist

Republic of Sri Lanka as follows :—

Short title.

L. This Act may be cited as the Institute of Corporation

Lawyers (Amendment) Act, No. 3 of 1980.

Amendment of section 5 of Law No. 33 of 1978.

2 Section 5 of the Institute of Corporation Lawyers Law,

No. 33 of 1978, (hereinafter referred to as the “ principal enactment ”) is hereby amended by the repeal of subsection

{1) of that section, and the substitution therefor, of the following new subsection :—

“ (1) The affairs of the Institute shall be administered by a Board of Management, (hereinafter referred to as the “Board”) which shall consist of the following members, who shall be appointed by the Cabinet of

Ministers on the recommendation of the Minister :—

(a)

the Chairman, who shall be an attorney-at-law of not less than ten years’ standing

; and

(6)

four other members, who shall be attorneys-at-law of not less than seven years’ standing. ”.

s 3

Section 6 of the principal enactment is hereby repealed and the following new section substituted therefor :—

“ Who shall

s 6principal enactment

(1)

The Chairman of the Board shall, if eee te present, preside at all meetings of the Board.

vihe Board.

In the absence of the Chairman from any such meeting, the members present shall elect one of the members to preside at such meeting.

(2)

Any question for decision at any meeting of the Board, shall be decided by the vote of the majority of the members present. In the case of an equality of votes the member presiding shall have a second or casting vote. ”.

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