5 Section 14 of the principal enactment is hereby amended in paragraph (a) of that section as follows : "
| (2) by the substitution in sub-paragraph (xvi) of that paragraph for the words " partnership were shared; and ", of the words " partnership were shared; "; |
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| (2) by the substitution in subparagraph (xvi) of that paragraph. for the words "to whom such gain arises.", of the words "to whom such gain arises ; and " ; and |
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| (3) by the insertion immediately after sub-paragraph (xvi) of the following sub-paragraphs:"
| | ' (xvii) the sale, on or after January 1, 1990, of any property held by any individual (other thin any property which immediately prior to such sale formed part of the assets of any business), if the full sale proceeds are invested, within one year from the date of such sale but on or before April 1,1992, in the purchase of any ordinary share, other than any existing, share, in any company"
| | | (a) referred to in section 17c or in section 22DDD or in section 22DDDD, or |
| (b) carrying on an undertaking referred to in section 17E, if the sum so invested is certified by such company as being solely for the purpose of expanding the productive capacity of such undertaking: |
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| | (xviii) the sale, by any venture capital company referred to in 22DDD of any share or stock, held' by it in any other company; | | |
| | (xix) the sale, by any unit trust or mutual fund referred to in section 22DDD, of any share or stock held by, such unit trust or mutual fund in any other company ; | | |
| | (xx) the sale, by any person of any unit held by such person in- any unit trust or any mutual fund after one year from the date of acquisition by such person, of such unit; | | |
| | (xxi) the change of ownership of any share in a quoted public company after one year from the date of acquisition by any person of such share'. | | |
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Sri Lanka Consolidated Acts