Sri Lanka Consolidated Acts

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People's Bank Act (No. 29 of 1961) - Sect 41

Exemption from income tax and stamp duty. [ 57 (1). 18 of 1965.]

41. Notwithstanding anything in any other written law-
(a) Repealed. * [* See Section 57 (2) of Act No. 18 of 1965.]
(b) the Board and the Bank shall be exempt from the payment of stamp duty on any instrument executed by, on behalf of, or in favour of the Board or the Bank in cases where, but for the exemption, the Board or Bank would be liable to pay the duty chargeable in respect of such instrument.

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