Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 244

Prohibition of business in Sri Lanka but saving benefits

244.
(1) An off-shore company shall not be entitled to carry on any business in Sri Lanka, its powers being restricted to only the carrying on of any business outside the shores of Sri Lanka.
(2) Nothing in subsection (1) shall however preclude the off-shore company securing in Sri Lanka any benefits or advantages available under any other written law as maybe made applicable to it.

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