Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

The Associated Newspapers of Ceylon, Limited (Special Provisions) Law (No. 28 of 1973) - Sect 5

Sale of shares of the company vested in the Public Trustee to members of the public

5.
(1) Subject to the provisions of section 3, the Public Trustee shall, acting under the authority of written directions in that behalf issued to him from time to time by the Minister, sell-
(a) to such members of the public as shall be specified in such directions;
(b) such number of shares of the company vested in him as shall be so specified; and
(c) at such price as shall be so specified.
(2) Any written directions issued by the Minister under the preceding provisions of this section shall be final and conclusive and shall, subject to the provisions of section 3, not be called in question in any court or tribunal, whether by way of action, application in revision, appeal, writ or otherwise.

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]