Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Foreign Exchange Amnesty Act (No. 1 of 1971) - Sect 2

Application of Act

2.
(1) The succeeding provisions of this Act shall apply to any person resident in Ceylon who, on the date of the commencement of this Act, holds foreign assets which were acquired or possessed by him in consequence of any contravention of the provisions of the law for the time being in force relating to exchange control, other than any such person-
(a) whose conduct , the course of being activities is or are in the law for any along investigated under that of any or suspected contravention provisions of that law; or
(b) against whom any suit or prosecution is pending before any Court for any alleged contravention of any provisions of that law.
(2) Every person to whom the succeeding I provisions of this Act apply by virtue of the operation of sub-section (1) is hereafter in this Act referred to as a " person to whom this Act applies ".


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]