26. Section 125 of the principal enactment is hereby amended as follows :-
| (a) by the insertion immediately after subsection (1) of that section of the following subsection:
| | " (1A) Where the entirety of the tax or part of such tax payable toy a company on or before the date specified in section 97 (3), is not so paid, such tax or part thereof shall be deemed to be in default and such company shall be deemed to be a defaulter for the purposes of this Act. " ; and | | |
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| (b) by the substitution in paragraph (ii) of the provision to subsection (2) of that section, for the words "such quarterly installment of tax become due; of the words and figures' such quarterly installment of tax become due. |
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Sri Lanka Consolidated Acts