Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 42 of 1990) - Sect 23

Amendment of section 163 of the principal enactment

23. Section 163 of the principal enactment is hereby amended as follows: "
(1) by the insertion, immediately after the definition of 'market value ", of the following definition : "
(2) by the substitution, for the definition of "quoted public company,'', of the following definition: "
(3) by the insertion, immediately after the definition of " resident " or " resident in Sri Lanka ", of the following definition : "
(4) by the substitution, in the definition of " trustee", for the words, "on behalf of any person, but does not include an executor ; ", of the words, "on behalf of any person, and in relation to any unit trust, the person appointed as the trustee of that unit trust by the instrument creating such unit trust, but does not include an executor; " ; and
(5) by the insertion, immediately after the definition of " trustee ", of the following definition:


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