8.
| (1) For the purposes of any business undertaking acquired by or vested in the Government, the Minister of Finance of his own motion or at the request of the relevant Minister may, by Order (hereafter in this Act referred to as a " subsidiary vesting Order ") published in the Gazette, vest in the Government with effect from such date as shall be specified in the Order, any movable or immovable property specified in the Order. |
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| (2) Before a subsidiary vesting Order takes effect, the Minister of Finance in consultation with the relevant Minister from time to time may alter, by Order published in the Gazette, the date on which such subsidiary vesting Order takes effect. |
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| (3) A subsidiary vesting Order shall have the effect of giving the Government absolute title to any property specified in the Order with effect from the date specified therein and free from all encumbrances. |
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| (4) A subsidiary vesting Order vesting any property in the Government for the purposes of any business undertaking of the Government shall have the effect of authorizing the competent authority managing and administering the affairs of that business undertaking to take possession of that property. |
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| (5) A subsidiary vesting Order made in respect of any property shall be final and conclusive and shall not be called in question in any court whether by way of writ or otherwise. |
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Sri Lanka Consolidated Acts