Institute of Policy Studies of Sri Lanka (Amendment ) Act 1999

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

Official translationFrom Department of Government Printing, unchanged

s 1Short title

This Act may be cited as the Institute of Policy Studies of Sri Lanka (Amendment ) Act, No. 9 of 1999.

s 2Amendment of section 5 of Act No.53 of 1988

Section 5 of the Institute of Policy Studies of Sri Lanka

Act, No.53 of 1988 (hereinafter referred to as “the principal enactment”) is hereby amended by the repeal of paragraph (d) of that section, and the substitution, of the following paragraph therefor:-

“(d) to arrange for the conduct of socio-economic research relevant to Sri Lanka, by Sri Lankan or foreign research institutions or individuals;”

s 3Amendment of section 18 of the principal enactment

Section 18 of the principal enactment is hereby amended as follows :–

(1)

by the repeal of subsections (4) and (5) of that section and the substitution, of the following subsections there for :–

“(4) The Auditor - General shall audit the accounts of the Institute every year. For the purpose of assisting him in the audit of such accounts, the Auditor - General shall engage the services of a qualified auditor

(hereinafter reffered to as “the auditor”) who shall act under his direction and control. Such audit shall be conducted in accordance with the Sri Lanka auditing standards established by the Institute of Chartered

Accountants of Sri Lanka under the Sri Lanka

Accounting and Auditing Standards Act, No.15 of 1995.

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“(5) For the purposes of meeting the expenses incurred by him in the audit of the accounts of the

Institute, the Auditor - General shall be paid out of the

Fund of the Institute, such remuneration as the Board may determine. Any remuneration received from the

Fund of the Institute by the Auditor - General shall, after deduction therefrom of any sums paid by him to the auditor engaged by him for the purpose of conducting such audit, be credited to the Consolidated

Fund.”;

(2)

by the substitution, in subsection (10) of that section, for the word “auditor” wherever that word occurs in that subsection, of the words “Auditor-General”; and

(3)

by the substitution in subsection (11) of that section, for the word “auditor”, of the words “Auditor-General”.

s 4Sinhala text to prevail in case of inconsistency

In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.