Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmendment of section 21B of the principal enactment
| 5. Section 21B of the principal enactment (inserted by Act. No. 10 of 2002) is hereby amended in subsection (1) of that section by the substitution for all the words "not less than five years but not more than ten years" to the end of that subsection of the following :- "not less than six years but not more than twelve years as may be determined by the Minister, by Order published in the Gazette, if the amount of the investment made by such company in such undertaking is not less than one thousand million rupees. Such period shall be reckoned, from the year of assessment in which the undertaking commences to make profits or any year of assessment not later than two years reckoned from the date on which the undertaking commences to carry on of commercial operations, which ever is earlier. " . |