2.
| (1) Where the Government considers it necessary that a corporation should be established for the purpose of-
| | (a) setting up and carrying on any industrial undertaking, or | | |
| | (b) taking over and carrying on any industrial undertaking previously carried on by any corporation which was established under the Government-Sponsored Corporations Act and was subsequently dissolved, | | |
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| (2) Upon the publication of the incorporation Order in the Gazette, a corporation (hereinafter referred to as the corporation) consisting of the persons who are for the time being members thereof by virtue of section 9, with the corporate name specified in such Order, and with perpetual succession shall be deemed to have been established. |
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| (3) The corporation may sue and be sued in its corporate name. |
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Sri Lanka Consolidated Acts