The Parliament has passed a Bill to repeal the Expropriation Act with a majority vote of 22 with 91 Parliamentarians participating in the vote.
This Act would allow the Government to take over 7 underperforming enterprises or underutilized assets including lands belonging to Pelwatte Sugar Industries Ltd and Sevanagala Sugar Industries Ltd.
The Revival of Underperforming Enterprises or Underutilized Assets Act was enacted in 2011 to vest underperforming enterprises or underutilized assets with the Government.
The new Act will vest the underperforming enterprises with the Secretary of the Treasuries.Revival of Underperforming Enterprises (Repealed) Bill passed
21 Jun 2019
Revival of Underperforming Enterprises (Repealed) Bill passed
21 Jun 2019
The Parliament has passed a Bill to repeal the Expropriation Act with a majority vote of 22 with 91 Parliamentarians participating in the vote.
This Act would allow the Government to take over 7 underperforming enterprises or underutilized assets including lands belonging to Pelwatte Sugar Industries Ltd and Sevanagala Sugar Industries Ltd.
The Revival of Underperforming Enterprises or Underutilized Assets Act was enacted in 2011 to vest underperforming enterprises or underutilized assets with the Government.
The new Act will vest the underperforming enterprises with the Secretary of the Treasuries.Kapruka
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!