16.
| (1) All officers and servants of the Tea Shakthi main Project and Tea Shakthi Investment Project on the day immediately preceding the date of commencement of this Act, shall where such officers or servants consent to be employees of the Fund be deemed to be officers and servants of such Fund with effect from the date of commencement of this Act. |
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| (2) All movable and immovable properties of, the Tea Shakthi Main Project and Tea Shakthi Investment Project shall vest in the Fund. with effect from the date of commencement of this Act. |
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| (3) All contracts and agreements entered into by or with or on behalf of the Tea Shakthi Main Project or Tea Shakthi Investment Project and subsisting or having effect on the day immediately preceding the date of commencement of this Act, shall be deemed with effect from the date of commencement of this Act. to be contracts and agreements entered into by the Fund as fully and effective) as if, the Fund had been a party thereto, and may be enforced accordingly. |
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| (4) All suits, actions, appeals and other legal proceedings instituted by or against the Tea Shakthi Main Project or Tea Shakthi Investment Project or any person as representing the Tea Shakthi Main Project or the Tea Shakthi Investment Project and pending on the day immediately preceding the date of commencement of this Act. shall be deemed with effect from the date of commencement of this Act, to be suits, actions, appeals or other legal proceedings instituted by or against the Fund and may be continued accordingly. |
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| (5) All judgments and orders made in favour of. or against the Tea Shakthi main Project or Tea Shakthi Investment Project or any person as representing the Tea Shakthi Main Project or the Tea Shakthi Investment Project and remaining unsatisfied on the day immediately preceding the date of commencement of this Act, shall be deemed with effect from the date of commencement of this Act, to be judgements and orders made in favour of. or against, the Fund and may be enforced accordingly. |
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| (6) All other rights, liabilities and obligations of the Tea Shakthi Main project and Tea Shakthi Investment Project other than the rights, liabilities and obligations referred to in subsection (3) on the day immediately preceding the date of commencement of this Act. shall be deemed with effect from the date of commencement of this Act, to be the rights, liabilities and obligations of the Fund. |
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Sri Lanka Consolidated Acts