Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsCertain lands transferred by foreign companies not to be taken into account in applying the ceiling under Land Reform Law
| 5. Where any cultivated agricultural land in Sri Lanka owned or possessed on May 29, 1971, by a company registered or incorporated outside Sri Lanka is transferred by such company after the date of commencement of this Law to a company which is recognized as an " existing company ", or which incorporated, under the principal enactment, such land shall not be taken into account in the compartion of the acreage of agricultural land for the principal of applying the ceiling under the provisions of the Land Reform Law, No. 1 of 1972, in respect of the latter company. |