Sri Lanka Consolidated Acts

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Electricity Reform Act (No. 28 of 2002) - Sect 51

Restriction of sale of shares of successor company

51. The Secretary to the Treasury may, with be the prior approval of the Parliament dispose of any shares issued or allotted to him or her in any successor company or of any rights over such shares except that upto ten per centum of the aggregate of the shares of all successor companies incorporated under section 46, shall be distributed to the employees of the successor company in such manner as may be prescribed by regulation.


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