3. Transitional provisions

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

Upon the repeal of the Public Enterprises Reform

Commission of Sri Lanka Act, No. 1 of 1996, as provided for in section 2 of this Act—

(a)

all officers and employees of the Public Enterprises

Reform Commission of Sri Lanka holding office on the day immediately preceding the date of repeal shall, if the services of any such officer or employee are deemed to be essential to the Public Enterprises

Department by the Secretary to the Treasury, be recruited as officers and employees of the Public

Enterprises Department with the approval of the

Public Service Commission and such officers and employees shall with effect from the date of repeal, hold office in the Public Enterprises Department on terms and conditions not less favourable to those enjoyed by them under the Public Enterprises

Reform Commission of Sri Lanka:

Provided however the terms and conditions agreed to shall be personal to such officers and employees;

(b)

all contracts, deeds, bonds, agreements, guarantees, powers of attorney, grants of legal representation and other instruments of whatever nature of the

Public Enterprises Reform Commission of

Sri Lanka, subsisting or having effect on the day immediately preceding the date of repeal and to which the Commission is a party or which are in favour of the Commission shall, be deemed with effect from the date of repeal, to be contracts, deeds, bonds, agreements, guarantees, powers of attorney, grants of legal representation and other instruments of whatever nature entered into by, or granted in favour of, as the case may be, the Government of

Sri Lanka;

(c)

all actions and proceedings of whatever nature instituted by or against the Public Enterprises

Reform Commission of Sri Lanka and pending on the day immediately preceding the date of repeal shall be deemed as from the date of repeal, to be actions and proceedings instituted by or against the Government of Sri Lanka and may be continued acordingly;

(d)

all judgements, decrees or orders entered in favour of, or against, the Public Enterprises Reform

Commission of Sri Lanka by any Court in any action or proceeding subsisting on the day immediately preceding the date of repeal shall with effect from the date of repeal be deemed to be a judgement, decree or order entered in favour of, or against, the

Government of Sri Lanka.

Read on from s 4