Sri Lanka’s new Securities and Exchange Commission (SEC) Act was passed without a vote in Parliament today (Tuesday).
In addition the Tax Amnesty Bill was also passed with a 134/44 vote.
The SEC Act is aimed at plugging loopholes in current legislation to deter irregular and illegal trading in the stock market while also encouraging the growth of the market. (DEC)
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Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
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