12. Section 31 of the principal enactment as amended by Act. No. 10 of 2002 is hereby further amended as follows :-
| (1) in subsection (2) of that section -
| | (a) in paragraph (j) of that subsection , by the substitution for the words "Minister in charge of the subject of Housing;, of the words "Minister in charge of the subject of Housing :"; | | |
| | (b) by the addition immediately after paragraph (j) of that subsection, of the following paragraph :"
| | | "(k) fifty per centum of any investment of not less than rupees five hundred thousand in any year of assessment in the purchase by any person of ordinary shares, other than the existing shares, issued by a venture capital company during the period that such company is exempted from income tax under section 21H."; and |
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| (2) in subsection (4) of that section :-
| | (a) in paragraph (a) of that subsection -
| | | (i) in subparagraph (vi) of that paragraph by the substitution for the words "one hundred thousand rupees which ever is less.", of the words "rupees one hundred thousand whichever is less ;"; |
| (ii) by the insertion immediately after subparagraph (vi), of that paragraph of the following subparagraph -
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| | (b) in paragraph (b) of that subsection -
| | | (i) in subparagraph (i) of that paragraph by the substitution for the word and letters "paragraphs (b) and (h) of the word and letters "paragraphs (b) and (h) and (k)"; |
| (ii) in subparagraph (ii) of that paragraph by the substitution for the words "ten million rupees.", of the words "ten million rupees ;": and |
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Sri Lanka Consolidated Acts