Sri Lanka Consolidated Acts

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Business Undertakings (Acquisition) Act (No. 35 of 1971) - Sect 14

Notice of claim or disclaimer in respect of any property

14.
(1) The Minister of Finance or any officer authorized by him in writing may by notice served on the proprietor of any business undertaking declare that such business undertaking is required for the purposes of the Government. Such notice is hereafter in this Act referred to as a " notice of claim ".
(2) Where a notice of claim under sub-section (1) has been served on the proprietor of a business undertaking in respect of that undertaking, the Minister of Finance or any officer authorized by him may, by notice (in this Act referred to as a u notice of disclaimer ") served on such proprietor, disclaim the need for the purposes of the Government of that business undertaking.
(3) No person shall alienate to any person other than the Government- and any alienation of that business undertaking or of those rights to any person other than the Government shall be null and void.
(a) the property of any business undertaking specified in a notice of claim and not disclaimed by a notice of disclaimer, or
(b) any rights in respect of that business under-taking,
(4) Any person shall, if requested by any officer authorized by the Minister of Finance for the purpose, furnish to such person as shall be specified in the request information with regard to any matter within his knowledge relating to such business undertaking as shall be so specified.
(5) Any notice under this section may be served-
(a) by delivering it to the person on whom it is to be served; or
(b) by leaving it at the usual or last known place of abode of that person; or
(c) in the case of a company, by delivering it to a director or the secretary of the company; or
(d) in the case of a firm, by delivering it to any partner of the firm.


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