Sri Lanka Consolidated Acts

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Pawnbrokers (Amendment) Law (No. 23 of 1973) - Sect 11

Replacement of the section 25 of the principal enactment

11. Section 25 of the principal enactment is hereby repealed and the following new section substituted therefor: -
25. Every pawnbroker shall, at the time of redemption of the pledge, give a receipt for the amount of loan and interest paid to him and the business turnover tax, if any, recovered by him and preserve a copy of such receipt with the pledge book. Such receipt shall be in the Form G set out in the Second Schedule and shall not be liable to stamp duty unless the interest and business turnover tax, if any, amount to twenty rupees or more.".


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