2. The provisions of this Act shall not apply to-
| (a) any company which commences on or after the relevant date to carry on any industrial undertaking and in respect of which a certificate declaring it to be an approved company for the purposes of this Act is issued under the hand of both the Controller of Finance and the Director of Industries, or |
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| (b) any company which has been registered before the relevant date and the profits and income of which are exempt from income tax by virtue of the provisions of section 8 or section 9 of the Income Tax Ordinance, for the period during which such exemption lasts, or |
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| (c) any company registered under section 19 of the Companies Ordinance as a company with limited liability, without the addition of the word " Limited " to its name, or |
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| (d) any company incorporated for promoting commerce, art, science, religion, charity, education, or other useful object and exempted from the provisions of this Act by Order made by the Minister of Finance. |
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* The Companies Tax Act, No. 35 of 1961, shall not apply to any financial year commencing on or after April 1, 1963--See section 130 (2) of the Inland Revenue Act, No. 4 of 1963. |
Sri Lanka Consolidated Acts