Sri Lanka Consolidated Acts

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Companies (Special Provisions) Law (No. 19 of 1974) - Sect 19

An award as to compensation by the Tribune) on a reference

19.
(1) Where a reference for an award as to compensation is made to the Tribunal in respect of the property of any company which is vested in the Government, the Tribunal shall, after considering all such matters and hearing all such witnesses as may be necessary for the purpose and complying with the provisions of section 18, make an award determining-
(a) whether or not each person who has made a claim to compensation is a person entitled, to compensation, and if so, the capacity in which he is entitled;
(b) the amount of the compensation payable in respect of such property; and
(c) the apportionment of the compensation among the persons entitled to compensation:
(2) The Tribunal shall cause written notice of its award to be given- (3) An award of the Tribunal shall be final and conclusive, and shall not be called in question in any court or tribunal.
(a) to the company in respect of whose property the award was made; and
(b) to the claimants to compensation.


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