Sri Lanka Consolidated Acts

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Securities Exchange Of Sri Lanka (Amendment) Act (No. 18 of 2003) - Sect 25

Amendment of section 31E of the principal enactment

25. Section 31E of the principal enactment is hereby amended as follows :-
(1) by the repeal of subsection (1) of that section and the substitution therefor of the following subsection :-
"(1) Any person aggrieved by a decision of the Commission:-
(a) refusing to grant a licence under section 31C ; or
(b) canceling or suspending a licence under section 31 D,
(2) by the repeal of subsections (2) and (3) of that section;
(3) by the re-numbering of subsections (4) and (5) of that section, as subsections (2) and (3) thereof; and
(4) in the re-numbered subsection (3) of that section by the substitution for the words "the decision of the Secretary to the Ministry of the Minister", of the words "the decision of the Commission".


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