Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987) - Sect 39

Appointment of Compensation Committee

39.
(1) The Minister shall appoint from among the members of the Council, three members who shall comprise the Compensation Committee (hereinafter referred to as the" Committee") of the Council.
(2) The Committee appointed under subsection (1) shall be responsible for assessing and awarding compensation in respect of any application made under section 40 and the decision of such Committee on any such assessment or award shall for all purposes be final and conclusive.


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