Sri Lanka Consolidated Acts

Finance Act (No. 11 of 1963)

TABLE OF PROVISIONS

           Long Title

   1.	   Short title  
   2.	   Date of operation of this Part of this Act  
   3.	   National Lotteries Board to be established  
   4.	   Constitution of the Board  
   5.	   Remuneration of members of the Board  
   6.	   Appointment of officers and servants  
   7.	   Property, contracts and expenditure of the Board  
   8.	   Board to be subject to directions of Minister  
   9.	   Fund of the Board  
   10.	   Power of Minister to grant a loan to the Board  
   11.	   Accounts of the Fund of the Board  
   12.	   Power to make rules  
   13.	   Protection for action taken under this Part of this Act or on the direction of the Board  
   14.	   The Board to conduct national lotteries  
   15.	   National lotteries not to be in connection with horseraces  
   16.	   Prizes in national lotteries  
   17.	   Proceeds of national lotteries  
   18.	   Exemption from tax on income or profits from national lotteries  
   19.	   Lotteries Ordinance not to apply to national lotteries, Cap. 45. Rules  
   20.	   Rules  
   21.	   Offences  
   22.	   Offences to be cognizable offences. Cap. 20  
   23.	   Interpretation  
   24.	   Repeal of Chapter 427  
   25.	   Transitory provisions  
   26.	   Transfer of officers and servants  
   47.	   Amendments to the Pawnbrokers Ordinance. (Chapter 90)  
   48.	   Amendments to the Money Lending Ordinance. (Chapter 80.)  
   49.	   Amendments to the Marriage Registration ordinance (Chapter112)  
   50.	   Amendments to Act No. 2 of 1961  
   51.	   Amendment of the First Schedule to Chapter 117  
   52.	   Date of operation of this Part, of this Act  
   53.	   Amendment of section 5 of Chapter 241  
   54.	   Amendment of the Schedule to the principal enactment  
   55.	   Date of operation of this Part of this Act  
   56.	   Amendment of sections 39 and 42 of Act No. 4 of 1963  
   57.	   Addition of new Schedules to the principal Act  
   58.	   Charge of the tax  
   59.	   Effect of the non-payment of the tax  
   60.	   Conditions for the registration of instruments relating to transfers of property. Cap. 117  
   61.	   Persons transferring property between August 1, 1963, and the date of enactment of this Act to non-Ceylonese liable to the tax  
   62.	   Sums paid or recovered as the tax to be credited to the Consolidated Fund of Ceylon  
   63.	   Proceedings for the recovery of tax due from persons liable under section 61  
   64.	   Offences  
   65.	   This Part of this Act to prevail over other written law  
   66.	   Interpretation  
   67.	   Insertion of new Part IIIA in Chapter V of the Monetary-Law Act  
   68.	   Amendment to Act No. 29 of 1961  
   69.	   Date of operation of this Part of this Act  
   70.	   Administration of this Part of this Act  
   71.	   Acquisition of certain premises  
   72.	   Acquisition procedure  
   73.	   Notice to persons entitled to make claims to the compensation payable under this Part of this Act in respect of any premises vested in the Bank  
   74.	   Provisions to be complied with by the Chairman of the Board of Directors of the Bank on receipt of claims to compensation  
   75.	   Reference to the Compensation Tribunal for an award as to compensation in respect of any premises vested in the Bank under this Part of this Act  
   76.	   Compensation in respect of premises vested in the Bank under this Part of this Act  
   77.	   When compensation in respect of any vested premises accrues due  
   78.	   Proportionate payment of compensation  
   79.	   Interest on compensation  
   80.	   Right to compensation  
   81.	   Provisions for cases where compensation is not accepted, &c  
   82.	   Constitution of the Compensation Tribunal  
   83.	   Meetings of the Compensation Tribunal  
   84.	   Proceedings before Compensation Tribunal  
   85.	   Power to summon witnesses, &c  
   86.	   Determination of the Compensation Tribunal  
   87.	   Compensation Tribunal may regulate its procedure at meetings  
   88.	   The Bank and claimants to compensation to be given an opportunity of being heard before the making of an award  
   89.	   Provisions in regard to evidence  
   90.	   An award as to compensation by the Compensation Tribunal on a reference  
   91.	   Disposal of premises acquired by the Bank under the preceding provisions of this Part of this Act  
   92.	   Power of entry, survey, &  
   93.	   Power of Bank to call for returns  
   94.	   Prohibition of act which diminishes the value of any premises to be vested in the Bank under this Part of this Act  
   95.	   Informality or irregularity  
   96.	   Financial provisions  
   97.	   Regulations  
   98.	   Interpretation  
   99.	   Date of operation of this Part of this Act  
   100.	   Insertion of new section 2A in Chapter 247  
   101.	   Amendment of Part I of Schedule A to the principal enactment  
   102.	   Amendment of Part II of Schedule A to the principal enactment  
   103.	   Amendment of Part III of Schedule A to the principal enactment  
   104.	   Amendment of Part IV of Schedule A to the principal enactment  
   105.	   Amendment of Part V of Schedule A to the principal enactment  
   106.	   Date of operation of this Part of this Act  
   107.	   Prohibition of the sale of motor cars to which this Part of this Act applies without the approval of the Registrar  
   108.	   Applications for approval to sell motor cars to which this Part of this Act applies  
   109.	   Condition for the grant of approval  
   110.	   Manner of computation of the sum payable to the Registrar by a purchaser of a motor car to which this Part of this Act applies  
   111.	   Purchaser of a motor car to which this Part of this Act applies not entitled to be registered as new owner if he does not pay the sum required to be paid under section 109. Cap. 203  
   112.	   Sums paid to the Registrar under this Part of this Act to be credited to the Consolidated Fund of Ceylon  
   113.	   Provisions of this Part of this Act to prevail  
   114.	   A person who has applied to be registered as the new owner of a motor car to which this Part of this Act applies and which he has purchased after August 2, 1963, and before the day on which this Act becomes an Act of Parliament shall be deemed to have complied with the provisions of this Part of this Act if he pays a tax in respect of that motor car  
   115.	   Interpretation  
   116.	   Additional power to borrow by the issue of Treasury Bills. Cap. 417  
   117.	   Application of Local Treasury-Bills Ordinance. Cap. 417  
   118.	   Operation of this Part of this Act  
   119.	   Charge of the business turnover tax  
   120.	   The circumstances in which a person becomes chargeable with business turnover tax  
   121.	   Excepted articles  
   122.	   Payment of business turnover tax  
   123.	   Returns  
   124.	   Power of Assessor to make assessments  
   125.	   Additional assessments  
   126.	   Returns and information to be furnished  
   127.	   Information to be furnished by officials  
   128.	   Vouchers to be issued by persons chargeable with business turnover tax  
   129.	   Maintenance of registers  
   130.	   Who may act for incapacitated person  
   131.	   Precedent partner to act on behalf of partnership  
   132.	   Principal officer to act on behalf of a company or body of persons  
   133.	   Liability to pay business turnover tax in the case of cessation of business  
   134.	   liability of executor to pay business turnover tax,  
   135.	   Liability of certain persons to pay business turnover tax in respect of businesses not belonging to them  
   136.	   Joint agents, trustees and executors  
   137.	   Persons liable to pay business turnover tax upon liquidation of a company or dissolution of a body of persons. Cap. 145  
   138.	   Appeals to the Commissioner  
   139.	   Assessments or amended assessments to be final  
   140.	   Penalty for under payment of business turnover tax  
   141.	   Meaning of "business turnover tax" for the purposes of sections 142 to 148  
   142.	   Business turnover tax to be first charge  
   143.	   Recovery of business turnover tax by seizure and sale  
   144.	   Proceedings for recovery before a Magistrate  
   145.	   Recovery of business turnover tax out of debts, &c  
   146.	   Recovery of business turnover tax from persons leaving Ceylon  
   147.	   Use of more than one means of recovery  
   148.	   Power of Commissioner to obtain information for the recovery of business turnover tax  
   149.	   Signature and service of notices  
   150.	   Validity of assessments  
   151.	   Power to search buildings or places  
   152.	   Business turnover tax paid in excess to be refunded  
   153.	   Administration of this part of this Act  
   154.	   Official secretary  
   155.	   Offences  
   156.	   Prosecutions to be with the sanction of the Commissioner  
   157.	   Amount of the business turnover tax paid by any person shall be a deduction for income tax purposes  
   158.	   Regulations  
   159.	   Interpretation  
   160.	   Interpretation  
   161.	   Retroactive operation