Bill needs urgent amendments to proper serve its purpose

Monday, 7 November 2011 00:00 - - {{hitsCtrl.values.hits}}

Much controversy has arisen in the business community, local and foreign over the controversial Bill titled, ‘The Revival of Underperforming Enterprises and Underutilised Assets Act,’ which would be presented on 7 November as an urgent bill in Parliament.

The bill intends certain so-called “underperforming enterprise” and “underutilised assets” specified as such in schedules I and II of the Bill are to be vested in the Secretary to the Treasury on behalf of the government of Sri Lanka forthwith the Bill is passed by Parliament.

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Bill needs urgent amendments to proper serve its purpose

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