4.
| (1) Any individual who is not a citizen of Sri Lanka or any firm where one of the partners is a non citizen or any body corporate incorporated outside Sri Lanka, who or which seeks to carry on business in Sri Lanka, under a business name shall having obtained a direction of exemption under section 3 of the Companies (Special Provisions) Law, No. 19 of 1974, furnish particulars required to be furnished under section 5, |
|
| (2) The business of the individual, firm or body corporate referred to in subsection (1) shall be carried on in Sri Lanka in the name of such individual, firm or body corporate, by a person who is a citizen of and resident in Sri Lanka, who shall be deemed to be the local manager and such local manager shall be personally responsible for the discharge of all obligations attaching to the individual, firm or body corporate under this Act. |
|
|
Sri Lanka Consolidated Acts