Sri Lanka Consolidated Acts

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Exchange Control (Amendment) Act (No. 17 of 1971) - Sect 6

Foreign assets

6AB. Every person in, or resident in, Ceylon who, on the date of commencement of this Act, holds, or who, after such date, acquires by way of purchase, gift, testamentary disposition or otherwise, any foreign assets-
(a) shall, within one month of the commencement of this Act or the acquisition of the assets, as the case may be, reader to the bank a return in such manner and giving such particulars with respect to the assets as may be prescribed; and
(b) shall not dispose of such assets or part thereof in any manner whatsoever except in accordance with such directions as may be given to him by the bank.


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