5. Section 6 of the principal Act, as amended Act No. 26 of 1968, is hereby amended as follows -
| (1) in sub-section (1) of that section-
| | (a) in paragraph (i) of that sub-section. the substitution in sub-paragraph of that paragraph, for the we " which is declared ", of the words and figures " which prior to August 2, 1968, is declared"; | | |
| | (b) in paragraph (iii) of that sub-section the substitution, for the words deep sea fishing; ", of the words figures " of deep sea fishing commenced prior to August 2, 1968; ' | | |
| | (c) in paragraph (iv) of that sub-section, by the substitution, for the words " in the Gazette; ", of the words and figures " in the Gazette if the lease of such land was sanctioned upon an application made for that purpose prior to August 2, 1968; "; | | |
| | (d) in paragraph (v) of that sub-section, by the substitution, for the words " published in the Gazette] and ", of the words " published in the Gazette; "; | | |
| | (e) in paragraph (vi) of that sub-section, by the substitution, for the words " published in the Gazette, ", of the words " published in the Gazette, and '': | | |
| | (f) by the insertion, immediately after paragraph (vi) of that sub-section, of the following paragraph :- "
| | | (vii) to any such undertaking as is considered by the Minister for the time being in charge of the subject appropriate to the trade or business of that undertaking to be of a pioneering nature and is at the request of such Minister declared by the Minister of Finance by notice pub- lashed in the Gazette to be an undertaking to which this section shall apply:": and |
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| | (g) by the addition, at the end of that sub section, of the following proviso:- | | |
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| (2) in sub-section (2) of that section-
| | (a) in paragraph (v) of that sub-section, by the substitution, for the words " carry on business, and " of the words " carry on business,"; | | |
| | (b) in paragraph (vi) of that sub-section, by the substitution, for the expression " paragraph (v) of that sub-section, ", of the expression " paragraph (v) of that sub-section, and "; and | | |
| | (c) by the insertion, immediately after paragraph (vi), of the following paragraph: -
| | | " (vii) any undertaking referred to in paragraph (vii) of sub-section (1), being the profits and income of that undertaking for a period of five years reckoned from the date on which that undertaking commences to carry on business, ". |
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Sri Lanka Consolidated Acts