16.
| (1) A company formed for the purpose of promoting art, science, religion, charity or any other like objects not involving the acquisition of gain by the company or by its individual members, shall not without a licence issued by the Registrar, hold more than two acres of land, and the Registrar may, by licence, empower any such company to hold lands in such quantity, and subject to such conditions as he thinks fit. |
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| (2) A licence issued by the Registrar under the provisions of subsection (1) shall be in the prescribed form. |
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Sri Lanka Consolidated Acts