Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsVesting of shares of a privatized public enterprise in the Secretary to the Treasury
| 4. Where an Order made under section 2 is approved by Parliament within the period referred to in subsection (3) or subsection (4) (b) of that section, the shares held by the share holders of the privatised public enterprise in respect of which such Order was made, shall, with effect from the date of such approval, and other than in cases where such shares are already held by the Secretary to the Treasury, vest in the Secretary to the Treasury for and on behalf of the Government. |