Words starting with S

subsidiary company

Defined in Finance Business Act 2011, s 74

“shall have the same meaning assigned to the term in the Companies Act…”

Also defined in 1 other Act

subsidy

Defined in Anti-Dumping and Countervailing Duties Act 2018, s 85

“means in relation to products that are imported into Sri Lanka — (a) a financial contribution by the government or a public body that is made, including — (i) a direct transfer of funds including grants, loans, equity, infusion from that …”

substantial financial interest

Defined in Microfinance and Credit Regulatory Authority Act 2026, s 83

“means – (a) in relation to a company, the holding of a beneficial interest by another company or an individual or his close relations whether singly or taken together in the shares thereof the paid up value of which exceeds ten per centum …”

substantial interest

Defined in 1990 Suwaseriya Foundation Act 2018, s 27

“means— (a) in relation to a company, the holding of a beneficial interest by another company or an individual or his relative, whether singly or taken together, in the shares thereof, the paid up value of which exceeds ten per centum of …”

successor companies

Defined in Sri Lanka Electricity Act 2024, s 52

“means, the companies incorporated under section 17 of the Act to take over the roles and responsibilities of the Ceylon Electricity Board”

Superintendent of Surveys

Defined in Registration of Title Act 1998, s 75

“means any person performing the functions of a Superintendent of Surveys in the Survey Department”

supervision

Defined in Construction Industry Development Act 2014, s 67

“means to ensure that the engineering and architectural concepts and judgments incorporated in the design are properly adhered to in any construction work. Construction Industry Development”

supplementary service provider

Defined in Securities and Exchange Commission of Sri Lanka Act 2021, s 188

“includes an actuary, auditor, custodian, trustee, valuer or such person as may be specified by the Commission who provides professional services to a market institution, market intermediary or listed public company or to a collective …”

supplier

Defined in Finance Leasing Act 2000, s 43

“means a person who supplies an equipment for the purpose of a finance lease, but docs not include a lessee where the lessee supplies such equipment”

supply of financial services

Defined in Social Security Contribution Levy Act 2022, s 60

“shall have the same meaning assigned to such expression under section 25F of the Value Added Tax Act…”

supply tariff

Defined in Sri Lanka Electricity Act 2024, s 52

“means, the component of end user tariff set by the Regulator to cover the cost of bulk purchase tariff and transmission tariff paid by the distribution licensees”

Surveyor-General

Defined in Registration of Title Act 1998, s 75

“means the officer appointed as Surveyor-General of Sri Lanka or any other officer appointed in writing to act on his behalf for the purposes of this Act to the extent specified in such letter of appointment”

suspicious transaction report

Defined in Financial Transactions Reporting Act 2006, s 33

“means a report required to be made under section 6”

sustainability

Defined in Sri Lanka Sustainable Development Act 2017, s 27

“means the capacity of a thing, action, activity or process to be maintained indefinitely”

sustainable development

Defined in Sri Lanka Sustainable Development Act 2017, s 27

“means development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”

sustainable energy

Defined in Sri Lanka Sustainable Energy Authority Act 2007, s 70

“means any energy resource which can be harnessed for useful work, without affecting the ability of the resource to provide the same level of utility in the future”

System Control Centre

Defined in Sri Lanka Electricity Act 2024, s 52

“means, the Centre established under section 10 of this Act for carrying out real time operation of the National Grid”