Sri Lanka Consolidated Acts

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National Gem And Jewellery Authority Act (No. 50 of 1993) - Sect 19

Capital of the Authority

19.
(1) The initial capital of the Authority shall Rupees one hundred and fifty million comprising of
(i) all such sums of money lying to the credit of the State Gem Corporation and transferred to the Authority with effect from the appointed date ; and
(ii) such amount as may be made available to the Authority out of the Consolidated Fund.
(2) The Capital of the Authority may be increased from time to time by such amount as may be determined by the Authority with the approval of the Minister.


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