Ceylon Petroleum Corporation (Amendment) Law (No. 2 of 1976)

Sri Lanka Consolidated Acts

Insertion of new section 70A in the principal enactment

15. The following new section is hereby inserted immediately after section 70, and shall have effect as section 70A, of the principal enactment : -

70A.

	(1) The claims of the Corporation against any person whomsoever, for the recovery of any sum of money, which is due to the Corporation shall not be held to be barred, limited or prejudiced by any provision of the Prescription Ordinance.

(2) The provisions of subsection (1) of this section shall-

(a) be deemed for all purposes to have come into operation on May 29, 1961;

(b) not apply to any sum of money which shall be or become due to the Corporation on or after the date of commencement of this Act, and