Sri Lanka Consolidated Acts

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Development Finance Corporation Of Ceylon (Amendment) Act (No. 42 of 1982) - Sect 6

Amendment of section 13 of enactment. [ 6,42 of 1982]

6. Section 13 of the principal enactment is hereby amended by the repeal of subsection (2) of that section and the substitution therefor of the following subsection:
" (2) So long as there is outstanding any loan made by the Government to the Corporation under subsection (1) the Corporation shall set aside in each year in a special reserve fund a sum equal to not less than twenty per centum of the net profits of the Corporation as shown in the Corporation's financial statement for that year, until the amount so set aside equals the amount of the Government loan then outstanding. ".


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