16.
| (1) The Minister of Finance may make regulations for the purpose of giving effect to the principles and provisions of this Act. |
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| (2) Without prejudice to the generality of the powers conferred by subsection (1), regulations may be made in respect of any matter which is stated or required by this Act to be prescribed. |
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| (3) Any regulations made under this section shall be published in the Gazette and shall come into operation on such date as may be specified in those regulations as the date of operation, and, if no such date is so specified, shall come into operation on the date of such publication. |
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| (4) Every regulation made and published under this section shall be laid, as soon as conveniently may be, on the table of the Senate and the House of Representatives at two successive meetings of the Senate and the House of Representatives and shall be brought before the Senate and the House of Representatives at the next subsequent meeting by a motion that such regulation shall not be disapproved. If such regulation is disapproved by the Senate or the House of Representatives, such regulation shall be deemed to be rescinded as from the date of such disapproval but without prejudice to anything already done under such regulation. Notice of such disapproval shall be published in the Gazette. |
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Sri Lanka Consolidated Acts