Ceiling On Income And Compulsory Savings (Amendment) Act (No. 12 of 1980)

Sri Lanka Consolidated Acts

Replacement of section 42 of the principal enactment

4. Section 42 of the principal enactment is hereby repealed and the following new section substituted therefor:

42.

(1) The Monetary Board of the Central Bank shall cause to be issued to every person, in respect of contributions paid by, or recovered from, him-

(i) during the period of twelve months ending on April 30, 1973,

(ii) during the period of twelve months ending on June 30, 1974, and

(iii) during the period of twelve months ending on June 30, of any subsequent year,

	(2) For the purposes of this section any contribution paid by, or recovered from, any person during the period commencing on May 1, 1973, and ending on June 30, 1973, shall be deemed to have been paid by, or recovered from, him during the period of twelve months ending on June 30, 1974.".