6. The following section is hereby inserted immediately after section 22DD and shall have effect as section 22DDD of the principal enactment: "
| 22DDD.
| | (1) The profits and income within the meaning of section 3 (a) (other than profits and income from the sale of capital assets) of any company referred to in sub- section (2), from any undertaking referred to in subsection (2), shall be exempt from income tax for a period of ten years from the commencement of the year of assessment in which such company commenced to carry on business. | | |
| | (2) The provisions of subsection (1), shall apply to any company approved for the purposes of this section by the Minister by notice published in the Gazette and which is engaged solely in carrying on' an undertaking of providing venture capital to any undertaking engaged in the manufacture or export of goods.". | | |
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Sri Lanka Consolidated Acts