Sri Lanka Consolidated Acts

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Mines and Minerals Law (No. 4 of 1973) - Sect 50

Power of Minister by Order to vest in the Corporation exclusive rights to engage in or carry on specified undertaking

50.
(1) The Minister may, from time to time, by Order published in the Gazette declare that, with effect from such date as shall be specified in the Order, the right to engage in or carry on any specified undertaking of the Corporation as shall be specified in that Order shall vest exclusively in such Corporation. Any such Order may be amended, varied or revoked by the Minister by a like Order.
(2) So long as an Order made by the Minister under subsection (1) is in force in respect of any specified undertaking of the Corporation specified in such Order, no person other than such Corporation shall engage in or carry on such specified undertaking.

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