Category: New Acts
The Economic Transformation Act, No. 45 of 2024
The Economic Transformation Act, No. 45 of 2024, outlines Sri Lanka’s national strategy for economic growth, investment attraction, and global trade integration. This Act addresses challenges in the evolving global economy, establishing new institutions and policies for a robust, competitive economy. Key elements include:
Sri Lanka Electricity Act, No. 36 of 2024
The Sri Lanka Electricity Act, No. 36 of 2024, introduces comprehensive reforms across the electricity sector aimed at restructuring management, operations, and policy to improve efficiency, encourage investment, and support renewable energy goals. In essence, this Act is designed to modernize the electricity sector, fostering a sustainable, competitive environment that attracts investment and meets Sri…
Institute of Chartered Shipbrokers of Sri Lanka incorporated by an Act of Parliament
Institute of Chartered Shipbrokers of Sri Lanka (Incorporation) Act, No. 34 of 2024, was certified on June 19, 2024, by the Parliament of the Democratic Socialist Republic of Sri Lanka. Here is a summary of its key contents: The Act aims to ensure the Institute operates transparently, professionally, and in alignment with national and international…