Sri Lanka Consolidated Acts

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Finance Act (No. 11 of 1963) - Sect 54

Provisions to be complied with by the Chairman of the Board of Directors of the Bank on receipt of claims to compensation

74. Upon the receipt of any claim made under section 73 to the compensation payable under this Part of this Act in respect of any premises vested in the Bank, the Chairman of the Board of Directors of the Bank shall cause the following documents to be sent to the claimant by registered letter through the post-
(a) a copy of any such report in regard to the condition of the aforesaid premises as has been made by or under the authority of the Bank under any regulation made under this Part of this Act, if a copy of that report has not already been served on the claimant;
(b) a copy of any such assessment of the compensation payable under this Part of this Act in respect of the aforesaid premises as has been made by or under the authority of the Bank;
(c) a notice requiring the claimant, within the time specified in the notice-
(i) to furnish to the Bank a written statement setting out whether or not he agrees with the report referred to in the preceding paragraph (a) and the assessment referred to in the preceding paragraph (b) and, if he does not so agree, any objections that he may have to such report and assessment, and the grounds of such objections, and
(ii) to produce to the Bank all documents, and in particular the documents in regard to the condition of the aforesaid premises, relied on by him in support of any such objection.


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