Sri Lanka Consolidated Acts

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Finance Act (No. 11 of 1963) - Sect 55

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

75.
(1) The Chairman of the Board of Directors of the Bank shall refer to the Compensation Tribunal for determination the amount of the compensation payable in respect of any property vested in the Bank under this Part of this Act and shall transmit to the Tribunal all claims made to such compensation, together with all documents furnished by the claimants in support of their claims, and all documents, copies of which have been served on or transmitted to the claimants by the Bank.
(2) A reference made under subsection (1) to the Compensation Tribunal is hereafter in this Part of this Act referred to as a " reference for an award as to compensation".


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