Sri Lanka Consolidated Acts

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Sri Lanka Export Credit Insurance Corporation Act (No. 15 of 1978) - Sect 21

Application of the profits

21.
(1) The net profit of the Corporation in each year shall be exempt from income tax.
(2) The profits of the Corporation may be invested in such manner as the Corporation may determine with the approval of the Minister in consultation with the Minister in change of the subject of Finance.
(3) No dividend shall be paid on the share capital of the Corporation.

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