5. Replacement of section 4 of the principal enactment

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

Section 4 of the principal enactment is hereby repealed and the following section is substituted therefor: -

4. (1) Where the grantor of any power of attorney wishes to revoke or cancel a power of attorney or where the attorney of any power of attorney does not wish to act under such power of attorney, such grantor or attorney as the case may be, shall –

(a)

notify the other party of such intention;

(b)

execute a notarially executed document declaring his intention of revoking or cancelling the power of attorney or expressing his intention not to act under that power of attorney, as the case may be; and

(c)

submit such document referred to in paragraph (b) to the Registrar

General, to register the same in the relevant volume and folio with cross reference to the volume and folio in which such power of attorney was registered.

Period of validation of a power of attorney

Irrevocable power of attorney

“Procedure of cancellation or revocation of a power of attorney

Act, No. 28 of 2022

(2)

(a) If the grantor of any power of attorney requires to revoke or cancel his power of attorney with immediate effect, until such document referred to in paragraph (b) of subsection (1) is executed and tendered to the

Registrar General, the grantor or his attorney at law may notify his intention of revocation or cancellation to the Registrar General, by a notice in duplicate in the form specified in

Schedule III:

Provided however, such notice shall be valid only for a period of three months from the date of the notice.

(b)

Upon the receipt of such a notice referred to in paragraph (a), the Registrar General, shall make an endorsement of the intention of such revocation or cancellation in the relevant volumes and the folios.”.

Read on from s 6