Sri Lanka Consolidated Acts

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Finance Act (No. 38 of 1971) - Sect 23

Financial year of Government and of public institutions

23.
(1) Notwithstanding anything to the contrary in any other written law, with effect from January 1, 1972, the financial year of the Government and of every public institution shall be the period of twelve months commencing on the first day of January of each year:
(2) Where the accounting period of a public institution for the previous year ends on a date prior to September 30, 1971, such public institution shall prepare a separate set of accounts for the period commencing from such date and ending on December 31, 1971.


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