Sri Lanka Consolidated Acts

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Ceylon Petroleum Corporation Act (No. 28 of 1961) - Sect 62

Deductions from compensation

52.The following provisions shall apply in any case where a person is entitled to compensation in respect of any property vested in or requisitioned for the Corporation: -
(a) where any sum has been certified under the hand of the Commissioner of Inland Revenue to the Corporation to be due from such person as tax on income or profits, or as personal tax, then, from the amount of the compensation to which such person is entitled, the Corporation shall pay the sum so specified to the Commissioner of Inland Revenue, or
(aa) where any sum has been certified under the hand of the Commissioner of Labour to the Corporation to be due from such person as a gratuity or other monetary benefit to any other person whose employment has been terminated under the provisions of section 5j, then, from the amount of such compensation, the Corporation shall pay the sum so specified to the Commissioner of Labour for the payment of such gratuity or other benefit, or
(b) where the amount of such compensation has been applied in payment of any sum referred to in the preceding paragraphs (a) and (aa), the balance if any, of that amount remaining after it has been so applied shall be paid by the Corporation to the person or persons entitled thereto.


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