Sri Lanka Consolidated Acts

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Electricity Reform Act (No. 28 of 2002) - Sect 52

Successor company deemed to have been granted relevant licence to carry on activities it is authorized to carry on by its memorandum

52.
(1) Where the relevant date is prior to the date of the coming into operation of Chapters II and VI of this Act, the successor company shall be deemed to have been -
(a) granted a licence under the Electricity Act to carry on the activities which it is authorized to carry on by its memorandum and articles of association for the period commencing on the relevant date and ending on the date on which Chapters II and VI of this Act are brought into operation ; and
(b) granted a licence under this Act to carry on such activities for the period commencing on the date on which Chapter II and VI of this Act are brought into operation and ending two years thereafter.
(2) Where the relevant date is after the date of coming into operation of Chapter II and VI of this Act, the successor company shall be deemed to have been granted the licence under this Act to carry on the activities it is authorized to carry on by its memorandum and articles of association, for a period of two years from the relevant date.

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