2. Section 23 of the Employees' Provident Fund Act, No. 15 of 1958, is hereby amended in subsection (1) thereof as follows :"
| (1) in paragraph (e) thereof, by the substitution for the words "or in the Local Government Service:"; of the words "or in the Local Government Service ;".: |
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| (2) by the addition immediately after paragraph (e) thereof, of the following new paragraph : "
| | (f) after such member"
| | | (i) ceases to be employed in a business undertaking, upon establishment of a public corporation for the purpose of taking over and carrying on such business undertaking, by an Incorporation Order made under section 2 of the Conversion of Government Owned Business Undertakings into Public Corporations Act, No. 22 of 1987, and has not taken up employment in the public corporation so established : |
| (ii) ceases to be employed in a public corporation or business undertaking, as the case may be, upon incorporation of a public company for the purpose of taking over the functions of such public corporation or taking over and carrying on such business undertaking, as the case may be, by an Order made tinder section 2 of the Conversion of Public Corporations or Government Owned Business Undertakings into Public Companies Act, No. 23 of 1987, and has not taken up employment in the public company so incorporated ; |
| (iii) ceases to be employed in a public corporation upon retrenchment of that member ; |
| (iv) ceases to be employed in a public corporation upon the dissolution of that public corporation or the closure of the business undertaking of that public corporation :"; |
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| (3) by the substitution, for the last paragraph thereof, of the following paragraph : " |
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Sri Lanka Consolidated Acts