Sri Lanka Consolidated Acts

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Finance Act (No. 11 of 1963) - Sect 77

Regulations

97.
(1) The Minister may make regulations-
(a) for the purpose of carrying out or giving effect to the principles and provisions of this Part of this Act;
(b) in respect of any matter regarding the assessment and payment of any compensation under this Part of this Act;
(c) in respect of any matter stated or required by this Part of this Act to be prescribed.
(2) Every regulation made by the Minister shall be published in the Gazette and shall come into operation on the date of such publication or on such later date as may be specified in the regulation.
(3) Every regulation made by the Minister shall, as soon as may be convenient after its publication in the Gazette, be brought before the Senate and the House of Representatives for approval. Any regulation which is not so approved shall be deemed to be rescinded as from the date of disapproval, but without prejudice to anything previously done thereunder. Notification of the date on which any regulation made by the Minister is deemed to be rescinded shall be published in the Gazette.


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