21. Where any compensation is payable in respect of the whole or any part of the undertaking of any company which has vested in the Government under Part II, the Secretary to the Ministry in charge of the subject of Finance shall pay from the amount of such compensation-
| (a) to the Commissioner of Inland Revenue, any sum certified under the hand of the Commissioner of Inland Revenue to such Secretary to be due from such company as tax on income or profits, or as personal tax; and |
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| (b) to the Commissioner of Labour, any sum certified under the hand of the Commissioner of Labour to such Secretary to be due from such company to any person employed in such undertaking-
| | (i) as arrears of salary, provident fund contributions, gratuity or other monetary benefits, | | |
| | (ii) as moneys due on any order of a Labour Tribunal or any award of an arbitrator or an Industrial Court, | | |
| | (iii) as the sum due on any settlement reached by conciliation between such company and such person, or | | |
| | (iv) as the sum due on any settlement reached before such Commissioner between such company and such person. | | |
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Sri Lanka Consolidated Acts