Sri Lanka Consolidated Acts

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Finance Act (No. 16 of 1995) - Sect 13

Regulations

13.
(1) The Minister may make regulations in respect of matters required by this Act to be prescribed.
(2) Every regulation under subsection (1) shall come into force on the date of its publication in the Gazette or on such later date as may be specified in such regulation and shall be brought before Parliament within a period of three months from the date of the publication of such regulation in the Gazette, or, if no meeting of Parliament is held within such period, at the first meeting of Parliament held after the expiry of such period, by a motion that such regulation shall be approved. There shall be set out in a Schedule to every such motion the text of the regulation to which the motion refers.
(3) Any regulation under subsection (1) which Parliament refuses to approve shall, with effect from the date of such refusal, be deemed to be revoked but without prejudice to the validity of anything done thereunder, Notification of the date on which any such regulation is deemed to be revoked shall be published in the Gazette.


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