The Hon. Wasantha Samarasinghe
Wasantha Samarasinghe moved amendments to Clauses 19 and 20 of the Bill, including setting a fine not exceeding Rs. 80 million and revising wording on transfers of money or property linked to profit distribution. The amendments were agreed to, the remaining clauses and schedule were approved, and the Bill was reported with amendments. He then moved the Third Reading and sought leave to correct linguistic, typographical, grammatical, numbering, and consequential errors, after which the Bill was passed.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Mr. Presiding Member, I move the following amendment to Clause 19 (Insertion of new section 513A in the principal enactment):
¶ 02 On page 19, delete line 30 and substitute: “to a fine not exceeding rupees eighty million.”
¶ 03 Amendment put, and agreed to.
¶ 04 Clause 19, as amended, ordered to stand part of the Bill.
¶ 05 Clause 20 (Amendment of section 529 of the principal enactment)
¶ 06 (1) On page 20, delete lines 33 and 34 and substitute: “(8) other than shares of the company, directly or indirectly transferring money or property with a view to the distribution of profits; and”
¶ 07 (2) On page 21, delete lines 1 to 3 (both lines inclusive).
¶ 08 Amendments put, and agreed to.
¶ 09 Clause 20, as amended, ordered to stand part of the Bill.
¶ 10 Clauses 21 and 22 ordered to stand part of the Bill.
¶ 11 Schedule ordered to stand part of the Bill.
¶ 12 Enacting Clause and Title ordered to stand part of the Bill.
¶ 13 Bill reported with Amendments.
¶ 14 Mr. Presiding Member, I move that the Bill, as amended, be now read a Third time. Further, I seek leave to correct any linguistic, typographical, grammatical and numbering errors in the schedules of the Bill and to make consequential amendments.
¶ 15 Question put, and agreed to.
¶ 16 Bill, as amended, accordingly read the Third time, and passed.
Provenance
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- Hansard, Wednesday, 23 July 2025 ·No. 1754386160089643 ·English daily/uncorrected Hansard
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Cite as: The Hon. Wasantha Samarasinghe. 10th Parliament, Parliament of Sri Lanka. Hansard, 23 July 2025. No. 1754386160089643. Politick, https://staging.politick.io/lk/speeches/4261