2.
| (1) On and after the first day of September, 1974, in this Law referred to as the " appointed date ", no company-
| | (a) shall have an interest in any property in Sri Lanka, whether as owner, co-owner, lessee, mortgagee, or otherwise, or | | |
| | (b) shall carry on any undertaking in Sri Lanka, unless such company is recognized as an " existing company ", or is incorporated, under the principal enactment, or is an exempted company. | | |
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| (2) Before the appointed date, the Minister may, from time to time, by Order published in the Gazette, alter such date, and thereafter the new date specified in the Order shall be deemed to be the appointed date for the purposes of this Law, |
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Sri Lanka Consolidated Acts