Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsLimitation on maximum share holding
| 232. No person shall either individually or together with his wife or minor child or children hold, either directly or through nominees, more than ten per of the issued share capital of a people's company: Provided, however, that the State shall be entitled to be a shareholder, capable of holding unrestricted share capital. The State shall be deemed to be a corporation for purposes of representation. |