31.Section 98 of the principal enactment as amended by Act. No. 37 of 2003, is hereby further amended by the insertion immediately after subsection (1) of that section, of the following new subsections :-
| " (1A) Any person who is carrying on or carries out any trade, business, profession or vocation, including any person incorporated under the Companies Act, No. 17 of 1982 and any company which has entered into any agreement with the Board of Investment of Sri Lanka established under the Board of Investment of Sri Lanka Law. No. 4 of 1978, shall obtain a registration number within one year of such registration or incorporation or commencement of the activity, as the case may be, from the Commissioner-General, and furnish a rerun on or before the November, 30, following the end of each year of assessment commencing on or after April 1, 2003, containing such particulars and documents as may be specified by the Commissioner-General, notwithstanding that no tax is chargeable under this Act on such person. |
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| (1B)
| | (a) The Commissioner-General shall issue a certificate of registration containing the name, address, registration number and any other particulars as determined by him, to all such persons registered under subsection (1A); | | |
| | (b) It shall be the duty of the Registrar of Companies, notwithstanding anything to the contrary contained in any provisions of the Companies Act, No. 17 of 1982, to obtain the certificate issued by the Commissioner General under subsection (1A) as an integral part of the annual return filed under such Companies Act
| | | (i) in relation to any company registered before such date as may be determined by the Commissioner-General, by a notice published in that behalf, along with any annual return due in respect of any financial year commencing on or after January 1, 2004 ; |
| (ii) in relation to any company registered on or after the date determined by the Commissioner-General under sub-paragraph (i), along with the first annual return due to be submitted by such company;. |
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| | (c) The date as determined by the Commissioner-General under sub-paragraph (i) of paragraph (b) shall immediately upon such determination, be forthwith communicated to the Registrar of Companies, by the Commissioner-General. | | |
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| (IC)
| | (a) Every company deemed to be a resident in Sri Lanka under section 73 of this Act, shall submit a return to the Commissioner-General for each year commencing on or after April 1, 2004, on a half yearly basis on or before October, 31 and April 30, of dividends declared, containing such particulars as specified by him including the details of dividends declared during the period April to September and October to March respectively. Where no dividends have been declared during any such period, a "NIL"' return shall be submitted. | | |
| | (b) Every company not deemed to be a resident in Sri Lanka shall submit a return to the Commissioner-General on a half yearly basis on or before October, 31 and April, 30, of remittances made by such company as referred to in paragraph (c) of subsection (1) of section 57 containing such particulars as specified by him. including the details of remittances made during the period April to September and October to March respectively, in each year. Where there were no remittances declared during such period covered by such return, a "NIL" return shall be submitted.". | | |
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Sri Lanka Consolidated Acts