Sri Lanka Consolidated Acts

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Sri Lanka State Trading Corporations Act (No. 33 of 1970) - Sect 39

Power of Minister by Order to vest in the Corporation the exclusive right to engage in or carry on any specified Business

39.
(1) The Minister may, from time to time, by Order published in the Gazette declare that, with effect from such date as shall be specified in the Order, the right to engage in or carry on any such Specified Business of the Corporation as shall be so specified shall, save as otherwise especially provided by or under this Act, vest exclusively in the Corporation. Any such Order may be amended, varied or revoked by the Minister by a like Order.
(2) So long as an Order made by the Minister under sub-section (1) is in force in respect of any Specified Business of the Corporation, no person, other than the Corporation, shall, save as otherwise expressly provided by or under this Act, engage in or carry on that business.
(3) The engaging in or carrying on of any Specified Business of the Corporation by any person, other than the Corporation, shall be deemed not to be
(a) an interference with, or violation of, the exclusive right vested in the Corporation by that Order; or
(b) a contravention of the provisions of sub-section (2),


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