Sri Lanka Consolidated Acts

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Companies (Special Provisions) Law (No. 19 of 1974) - Sect 12

Constitution of Compensation Tribunal arid appointment of Secretary, &c

12.
(1) There shall be established, for the purposes of this Law, a Compensation Tribunal (in this Law referred to as "the Tribunal") consisting of the following members: -
(a) the Chairman of the Tribunal, who shall be a person with judicial experience;
(b) the Secretary to the Ministry, or any other officer of the Ministry; and
(c) the Secretary to the Ministry in charge subject of Finance, or any other officer of the Treasury.
(2) There shall be appointed a Secretary to the Tribunal and such other officers and servants as may be necessary for the performance of the work of the Tribunal.
(3) The members, officers and servants of the Tribunal may be remunerated at such rates as shall be determined by the Minister with the concurrence of the Minister in charge of the subject of Finance.

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