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| Finance (Amendment) |
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AN ACT TO AMENDED THE FINANCE ACT, No 11 OF 1963
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BE it enacted by the Parliament of the Democratic Socialist Republic of Sri. Lanka as follows:
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[31st March
, 1992 ]
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Short title.
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1. This Act may be cited as the Finance (Amendment) Act. No. 22 of 1992.
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Amendment of section 58 of Act No. 11 of 1963.
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2. Section 58 of the Finance Act, No. 11 of 1963 (here in after referred to as the ” principal enactment”) is hereby amended as follows:
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(1) by the repeal of subsection (3) thereof and the substitution therefor of the following subsection ;
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“(3) A parson liable to the tax shall pay the tax to the Registrar of Lands of the district in which the land transferred is situated before the instrument by which the transfer of that land was effected presented for registration in accordance with the provisions of the Registration of Documents Ordinance, ”
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(2) by the deletion, in paragraph (a) of subsection (4) of that section, of the words “: or shares ” wherever those words occur in that paragraph ;
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(3)by the deletion, in paragraph (c) of subsection (4) of that section, of the words ” or shares in any company,” ; and
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(4) by the repeal of paragraphs (d), (e) and (f) of. subsection (4) of that section.
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Amendment of sections 59 of the principal enactment
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3. Section 59 of the principal enactment is hereby amended by the deletion of the words ” or the company, as the case may be, “.
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Amendment of section 60 of the principal enactment.
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4. Section 60 of the principal enactment is hereby amended by the repeal of subsections (2) and (3) of that section.
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Amendment of section 62 of the principal enactment.
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5. Section 62 of the principal enactment is hereby amended by the deletion of the words ” or a company ” and ” or company ” wherever those words occur in that section.
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Amendment of section 64 of the principal enactment.
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6. Section 64 of the principal enactment is hereby amended by the repeal of subsection (1) of that section.
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Amendment of section 66 of the principal enactment.
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7. Section 66 of the principal enactment is hereby amended by the repeal of the definition of ” property ” and the substitution, of the following definition therefor :
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” property ” means any land ;’
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Sinhala text to prevail in case of inconsistency.
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8. In the event of any inconsistency between the Sinhala and Tamil texts of this Act. the Sinhala text shall prevail.
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