Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 448

Regulations

448.
(1) The Minister may make regulations for or in respect of all matters which are stated or required by this Act to be prescribed or for which regulations are required or authorized by this Act to be made.
(2) Every regulation made by the Minister shall be published in the Gazette and shall come into operation on the date of such publication or on such later date as may be specified in the regulation.
(3) Every regulation made by the Minister shall as soon as convenient after its publication in the Gazette, brought before Parliament for approval. Any regulation which is not so approved shall be deemed to be rescinded as from the date of disapproval but without prejudice to any thing previously done there under. Notification of the date on which any regulation is so deemed to be rescinded shall be published in the Gazette.


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