2. Amendment of section
கருத்துகள் மற்றும் உதவிஅதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள அல்லது தமிழ் உரையிலிருந்து வேறுபடும் இடங்களில் எந்த உரை மேலோங்கும் என்பதைச் சட்டமே குறிப்பிடுகிறது.
Section 21 of the Transport Board Law, No. 19 of 1978
(hereinafter referred to as the “ principal ‘enactment ”) is hereby amended by the repeal of subsections (1), (2) and
No. 19 of 1978.
of that section and the substitution therefor, of the following new subsections :—
“ (1) The Central Board—
may establish and maintain an insurance reserve to cover the insurance of the movable and immovable property of the Board and to meet liabilities arising in respect of third-party risks, and to meet liabilities arising under the Workmen’s Compensation Ordi-nance ; and
shall establish and maintain—
a depreciation reserve to cover the depre-ciation of the movable and immovable property of the Board, and
a general reserve.
Every Regional Transport Board—
may establish and maintain an insurance reserve to cover the insurance of the movable and immovable property of the Board and to meet liabilities arising in respect of third-under the Workmen’s Compensation Ordi-nance ; and
{b) shall establish and maintain—
a depreciation reserve tc cover the depre-ciation of the movable and immovable property of the Board, and
a general reserve.
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A £0079 IH ANN SHAITIIS
21 of Law
Amendment
Transport Board (Amendment)
Act, No. 6 of 1981
(a) The sum to be carried from time to time to the credit of each of the reserves specified in subsections (1)
and (2) shall be such sum as the Central Board or each respective Regional Transport Board with the concurrence of the Central Board, as the case may be, determines.
The sums lying to the credit of the insurance reserves specified in subsections (1) (a) and (2) (a) shall be invested in Government Treasury Bilis, ”.