Sri Lanka Consolidated Acts

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Foreign Exchange Amnesty Act (No. 1 of 1971) - Sect 9

Interpretation

9. In this Act, unless the context otherwise requires- " authorized dealer " has the same meaning as in the provisions of the law for the time being in force relating to exchange control; " competent authority" means the Governor of the Central Bank of Ceylon, and includes any officer of the Bank authorized by such Governor to act on behalf of such Governor; " foreign assets" means any movable or immovable property, outside Ceylon, of any class or description whatsoever and, without prejudice to the generality of the preceding provisions of this definition, includes foreign exchange, foreign currency, gold and securities, as defined in the provisions of law for the time being in force relating to exchange control; " law for the time being in force relating to income tax" means the Income Tax Ordinance and the Inland Revenue Act, No. 4 of 1963, as amended from time to time by any other Act; " law for the time being in force relating to exchange control" means the Exchange Control Act, as amended from time to time by any other Act; " relevant directions" means any general or special directions issued by the competent authority under section 6.


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