Sri Lanka Consolidated Acts

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Public Enterprises Reform Commission of Sri Lanka Act (No. 1 of 1996) - Sect 23

Interpretation

23. In this Act, unless the contort otherwise requires-"Chairman" means the Chairman of the Commission nominated under section 3 ;" local authority" means any Municipal Council, Urban Council or Pradeshiya Sabha and includes any authority created or 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 or Sabha ;"public corporation" means any corporation, board of other body which was or is established by or under any written law other than the Companies Act, No. 17 of 1932. with funds or capital wholly or partly provided by the Government by way of grant, loan or otherwise ;" Provincial Council" means a Provincial Council established under Chapter XVIIA of the Constitution ;"public enterprise" includes a public corporation or a government owned business undertaking or a company where all the shares or the majority of the shares of such company are held by the Government.


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