6.Section 4 of the principal enactment is hereby amended as follows:-
| (1) by the substitution for all words from "Every commercial bank" to "last working day of each month" of the following:-
| | "(1) Every commercial bank or specialized bank shall on the last working day of each month withdraw from every current or savings account maintained at that bank a sum equal to the amount payable as debits tax from the account in respect of the month and shall remit such sum to the Commissioner-General on or before the last working day of each succeeding month". | | |
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| (2) in the first proviso to subsection (1) by the substitution for the words "if the beginning of any month falls" of the words "if the last day of any month falls "; |
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| (3)by the repeal of the second proviso to section(1) and the substitution therefor of the following proviso:- |
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| (4) in subsection of that section, by the substitution for the words "name or names the current account is being maintained at the commercial bank " of the words "name or names the current account or savings account is being maintained at the commercial bank or specialised bank "; |
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| (5) in subsection (4) o1 that section-
| | (a) by the substitution for the words "Where owing to there being no funds to a current account of there being no funds in a current account or savings account or there being an insufficiency of the commercial bank or specialised bank"; and | | |
| | (b) by the substitution for the words "in the preceding month" whichever those words appear in that subsection of the words "in respect of that month"; | | |
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| (6) in the proviso to subsection (4), by the substitution for the words "commercial bank may differ" of the "commercial bank of specialised bank may defer"; and |
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| (7) in subsection (5) of that section-
| | (a) the substitution for the words "be deemed to authorize a commercial bank to refuse to pay out of the funds in any current account" of the words "be deemed to authorize a commercial bank of specialised bank to i el use to pay out of the funds in any current account or specialised bank to refuse to pay out of the funds in any current account or savings account"; and | | |
| | (b) by the substitution for all the words from "on the debits made from that account has lo be paid to the end of that subsection of the wolds'1 on the debits made from that account, has to he paid | | |
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Sri Lanka Consolidated Acts