View All - 1961 Acts Section No : Acts & Ordinances COMPANIES TAXMarginal Notes1. This Act may be cited as the Companies Tax Act, No. 35 of 1961.2. Companies to which this Act shall not apply. 3. Charge of the tax. 4. Computation of the tax for the financial year ending on March 31, 1962, on reduction of the share capital of a company. 5. Company liable to the tax under this Act and to the land tax under the Land Tax Act, No. 27 of 1961, shall not be liable to pay the tax under this Act if the amount of such tax is less than the amount of the land tax. 5A. Exemption of tax under this Act in certain circumstances. [ 20, 10 of 1962.]6. Set-off against the tax under this Act in certain circumstances. [ 20, 10 of 1962.] 7. Payment of the tax. 8. Proceedings for the recovery of the tax. 9. Powers conferred on the Registrar of Companies for the purposes of this Act. 10. Offences. 11. Sums paid or recovered as tax to be credited to the Consolidated Fund of Ceylon. 12. Refund of sums paid in excess as the tax for any financial year. 13. This Act to prevail over any other written law or instrument. 14. Interpretation.