Sri Lanka Consolidated Acts

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Inland Trust Receipts Act (No. 14 of 1990) - Sect 6

Powers of the Director of Commerce-

6. The Director of Commerce may, where he considers it appropriate to do so in the interest of national economy, by Order published in the Gazette, declare that the provisions of this Art shall apply to any company registered under the companies Act, No. 17 of 1982, or any co-operative society registered under the Co-operative Societies Law, No. 5 of 1972, which in his opinion is of sufficient financial stability and standing for the purpose of this Act, and not referred to in paragraph (a) or paragraph (b) or paragraph (c) or paragraph (d) of subsection (i) of section 5.


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