13. Amendment of section 19 of the principal enactment

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

Section 19 of the principal enactment is hereby amended as follows:-

(1)

by the repeal of subsection (4) thereof and the substitution therefor of the following:-

“(4) The quorum for any conference of the

Institute shall be one hundred and ﬁ fty or one-fourth of the Corporate Members of the Institute whichever is less.”;

(2)

by the insertion immediately after subsection (4)

thereof, of the following subsection:-

“(5) The types of business of the conference shall include inter alia –

(a)

the reading of the mid-term report;

(b)

the adoption of the mid-term report;

(c)

tabling of mid-term statement of accounts;

(d)

the adoption of mid-term statement of accounts;

(e)

the proposals of resolutions by the Council;

(f)

the adoption of resolutions of the Council;

(g)

the considerations of any technical matter related to the practice of valuation as decided by the Council.”.

Act, No. 9 of 2019