Sri Lanka Consolidated Acts

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Finance Act (No. 65 of 1961) - Sect 58

Power to make regulations

56. Regulations may be made under this Part in respect of all or any of the following matters: -
(a) prescribing the form of the registers to be kept and maintained under this Part and the particulars to be entered therein;
(b) prescribing the form of the certificate to be issued under this Part and the particulars to be entered therein;
(c) providing for the issue of different certificates in respect of registered businesses the form of which shall be determined by reference to the income received from those businesses by the persons registered as proprietors thereof;
(d) providing for the exemption from this Part of any person or businesses;
(e) providing the manner for the assessment and recovery of the registration fee and National Development Tax payable under section 55A; and
(f) providing for the recall and cancellation of a certificate of registration issued to any person by error or by reason of an incorrect declaration of income or net wealth made under this Act by such person.


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