Sri Lanka Consolidated Acts

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Business Undertakings (Acquisition) Act (No. 35 of 1971)


           Long Title

   1.	   Short title  
   2.	   Acquisition by Government of any business undertaking  
   3.	   Appointment of competent authority to manage and administer the affairs of any business undertaking acquired by or vested in the Government  
   4.	   Special provisions relating to the rights and liabilities of any business undertaking acquired by or vested In the Government  
   5.	   Taking possession of property acquired by or vested in the Government  
   6.	   Minister's directions to a competent authority  
   7.	   Appeals  
   8.	   Compulsory transfer to the Government of property  
   9.	   Amendment of vesting Order In so far as it relates to any property vested in the Government  
   10.	   Requisitioning of property  
   11.	   Power of Minister of Finance to direct a bank in which the proprietor of any business undertaking has an account not to permit him to operate such account  
   12.	   Regulations  
   13.	   Powers of entry and inspection and power to demarcate premises used for or required by any business undertaking, to call for information and to make copies of any documents  
   14.	   Notice of claim or disclaimer in respect of any property  
   15.	   Offences  
   16.	   Payments made in respect of property acquired or requisitioned by or vested in the Government to he charged on the Consolidated Fund  
   17.	   Interpretation  

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