3.
| (1) Before the appointed date, the Minister may from time to with the prior concurrence of incorporated under the principal enactment as snail be specified in such direction. The Minister shall cause notice of such direction to be published in the Gazette. |
|
| (2) After the appointed date, the Minister may from time to time with the prior concurrence of the Minister in charge of the subject of Finance issue a direction of exemption, exempting from the application of the provisions of section 2 any such company or class or category of companies formed or established after the appointed date as shall be specified in such direction. The Minister shall cause notice of such direction to be published in the Gazette. |
|
| (3) A direction of exemption shall, for so long and so long only as it is in force, be final and conclusive, and shall not be called in question in any court or tribunal. |
|
| (4) A company in respect of which, or in respect of the class or category to which it belongs, a direction of exemption is for the time being in force is in this Law referred to as an " exempted company ". |
|
|
Sri Lanka Consolidated Acts