4. Section 6 of the principal enactment, as last amended by Act No. 6 of 1969, is hereby further amended by the repeal of subsection (1) of that section, and the substitution therefor, of the following new subsection: -
| "(1) This section shall apply-
| | (i) to any corporation established on or after April 1, 1951, and -
| | | (b) which prior to August 2, 1968, is declared by the Minister by Order published in the Gazette to be a corporation to which this section shall apply; and |
| (a) to the capital of which the Government of Sri Lanka makes a contribution, and |
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| | (ii) to any industrial undertaking in respect of which the Commissioner is satisfied that the following conditions are fulfilled:-
| | | (a) that it is an undertaking commenced on or after April 1, 1951, for the production, or manufacture in Sri Lanka of goods or commodities; |
| (b) that the undertaking is not formed by the splitting up or reconstruction of any business previously in existence, or by the transfer to a new business of buildings, machinery or plant used in a business which was being carried on before April 1, 1951; |
| (c) that more than twenty-five persons are employed for the purposes of the undertaking; |
| (d) that the goods or commodities produced or manufactured by the undertaking are certified to be of satisfactory quality by an authority if and when an authority is prescribed for such purpose; and |
| (e) that the prices at which such goods or commodities are sold are certified to be reasonable by an authority if and when an authority is prescribed for such purpose; |
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| | (iii) to any undertaking of deep sea fishing-commenced prior to August 2, 1968; | | |
| | (iv) to any undertaking carried on in any land for a purpose for which such land was leased in accordance with such notification as was, or may be published in that behalf in the Gazette if the lease of such land was sanctioned upon an application made for that purpose prior to August 2. 1968; | | |
| | (v) to any such undertaking, commenced on or after April 1, 1966, of operating-hotels for tourists as is on the recommendation of the Ceylon Tourist Board approved by the Minister by Order published in the Gazette; and | | |
| | (vi) to any such undertaking of providing buildings for the. use of an under-taking referred to in paragraph(v) as is on the recommendation of the Ceylon Tourist Board approved by the Minister by Order published in the Gazette: | | |
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Sri Lanka Consolidated Acts