Sri Lanka Consolidated Acts

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Companies (Special Provisions) Law (No. 19 of 1974) - Sect 4

Power of Minister to revoke a direction of exemption,

4.
(1) The Minister may from time to time, with the prior concurrence of the Minister in charge of the subject of Finance, issue a written direction revoking, with effect from such date as shall be specified in the direction, a direction of exemption in respect of any company or class or category of companies and, upon the direction of revocation taking effect, the direction of exemption shall cease to be in force. The Minister shall cause notice of the direction of revocation to be published in the Gazette.
(2) A direction of revocation issued by the Minister under subsection (1) shall be final and conclusive and shall not be called in question in any court or tribunal.


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