Sri Lanka Consolidated Acts

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Finance (Amendment) Act (No. 22 of 1992) - Sect 2

Amendment of section 58 of Act No. 11 of 1963

2. Section 58 of the Finance Act, No. 11 of 1963 (here in after referred to as the " principal enactment") is hereby amended as follows:
(1) by the repeal of subsection (3) thereof and the substitution therefor of the following subsection ;
"(3) A parson liable to the tax shall pay the tax to the Registrar of Lands of the district in which the land transferred is situated before the instrument by which the transfer of that land was effected presented for registration in accordance with the provisions of the Registration of Documents Ordinance, "
(2) by the deletion, in paragraph (a) of subsection (4) of that section, of the words ": or shares " wherever those words occur in that paragraph ;
(3)by the deletion, in paragraph (c) of subsection (4) of that section, of the words " or shares in any company," ; and
(4) by the repeal of paragraphs (d), (e) and (f) of. subsection (4) of that section.


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