Sri Lanka Consolidated Acts

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State Industrial Corporations Act (No. 49 of 1957) - Sect 27

Disposition of profits of the corporation

27. Out of the profits of the corporation in each year the board of directors shall, with the approval of the Minister, pay to general or specific reserves of the corporation such sums of money as may be determined by such board with such approval, and the balance, if any, of such profits shall, with the approval of the Minister of Finance, be paid to the Deputy Secretary to the Treasury to be credited to the Consolidated Fund of Ceylon.


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