Institute of Valuers of Sri Lanka (Amendment) Act 2019 · As enacted
24. Transitional provisions
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
All persons who are in the grades of
Graduate Member and Associate Member on the date of commencement of this Act, shall from and after date of the commencement of this Act, be deemed to be admitted and enrolled to the Professional Associate Grade:
Provided however that for the purpose of computing the period of membership in the grade of Professional Associate
Member, the full period of membership in the Graduate
Grade and two-thirds of the period of membership in the
Associate Grade, shall be computed.
The Council of the Institute holding offi ce on the day immediately preceding the date of commencement of this Act, shall continue to hold offi ce until a new Council is elected in accordance with the provisions of section 8 as amended by this Act.
The new Council shall be elected at a special general meeting of the Corporate Members, convened for such purpose within a period of six months from the date of commencement of this Act.
If a session of the Institute has been fi xed by the
Council of the Institute holding offi ce on the day immediately preceding the date of commencement of this Act, to be held within the six month period referred to above, such session shall not be held as fi xed.
The special general meeting held under subsection (2) shall be deemed to be a session of the Institute for the purpose of section 18.