2. Section 57 of the Ceylon Hotels Corporation Act, No. 14 of 1966, hereinafter referred to as the " principal Act ", is hereby amended by the repeal of sub-section (1) of that section and the substitution therefor of the following new sub-section:
| ' (1) The accounts of the Corporation shall be audited annually by one or more qualified auditors elected by the Corporation in general meeting and who shall hold office for one year. The qualified auditor or auditors (in this Act referred to as "the auditor ") shall receive such remuneration from the funds of the Corporation as the Corporation may in general meeting decide. The amount so determined shall be subject to the approval of the Minister and the Minister of Finance.'. |
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Sri Lanka Consolidated Acts