Sri Lanka Consolidated Acts

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Business Undertakings (Acquisition) Act (No. 35 of 1971) - Sect 7

Appeals

7.
(1) The proprietor of any business undertaking who is aggrieved by a primary vesting Order made in respect of that undertaking may, within fifteen days after the date of that vesting Order, appeal to the Minister of Finance against such vesting Order.
(2) The Minister of Finance may refer an appeal made to him under sub-section (1) to an Advisory Board consisting of such number of persons being not less than three as the Prime Minister may appoint and such Advisory Board shall advise the Minister on the question whether the primary vesting Order to which the appeal relates should be revoked.
(3) The Minister may, after considering the advice tendered to him by the Advisory Board, revoke the primary vesting Order in respect of which the appeal was made.


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