60. In this Act, unless the context otherwise requires- "any other written law " means any written law other than this Act, whether enacted or to be enacted; " Authority" means the Mahaweli Authority of Sri Lanka; " citizen of Sri Lanka " means-
| (a) in the case of a person who is an individual, who is a citizen of Sri Lanka under any law for the time being in force relating to such citizenship; |
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| (b) in the case of a person which is a company, means a company to which Part XI of the Companies Ordinance does not apply; and |
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| (c) in the case of a person which is a firm consisting of more than two persons, means a firm where the majority of the partners are citizens of Sri Lanka; |
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"Corporation" means a Corporation established under this Act; "local authority" means any Municipal Council, Urban Council, Town Council or Village Council and includes any Authority created and established by or under any law to exercise, perform and discharge powers, duties and functions corresponding to or similar to the powers, duties and functions exercised, performed and discharged by any such Council; " person " includes a company or body of persons; " public corporation" means any corporation, board or other body which was or is established by or under any written law other than the Companies Ordinance, with funds or capital wholly or partly provided by the Government by way of grant, loan. or otherwise; "qualified auditor " means-
| (a) an individual who, being a member of the Institute of Chartered Accountants of Sri Lanka, or of any other Institute established by law, possesses a certificate to practise as an Accountant issued by the Council of such Institute; or |
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| (b) a firm of Accountants each of the resident partners of which, being a member of the Institute of Chartered Accountants of Sri Lanka or of any other Institute established by law, possesses a certificate to practise as an Accountant issued by the Council of such Institute. |
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"special resolution" means a resolution passed by a majority of not less than three-fourths of such shareholders as, being entitled to do so, vote in person or by proxy at a meeting of the share-holders of which not less than twenty-one days' notice has been duly given to the shareholders specifying the resolution intended to be proposed at that meeting; "subsidiary" means a company with limited liability registered under the provisions of the Companies Ordinance of which not less than ten per centum of the share capital is owned by the Authority or by a Corporation established under this Act. |
Sri Lanka Consolidated Acts