42.
| (1) Every officer and servant of the Development Finance Corporation of Sri Lanka Ltd. registered under the National Housing Act (Chapter 401), on the day immediately preceding the date of dissolution of that body shall be offered employment in the Corporation. |
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| (2) Every officer or servant of the said Housing Development Finance Corporation of Sri Lanka Ltd. who is employed by the Corporation, shall be so employed on such terms and conditions as may be agreed upon by such officer or servant and the Corporation. |
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| (3) any officer or servant of the Housing Development Finance Corporation of Sri Lanka Ltd., who is not employed by the Corporation shall in addition to any retrial benefit that may be due to him, be paid compensation of an amount to be determined by the Minister with the concurrence of the Minister in charge of the subject of Finance having regard to his years of service in that body. |
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Sri Lanka Consolidated Acts