Nov 24, 2011 (LBT) - The Sri Lankan Cabinet yesterday approved the appointment of Competent Authorities for the 37 enterprises listed in the Schedules to the newly approved Assets Acquisition Act
Revival of Underperforming Enterprises and Under Utilized Assets Act No 43 of 2011 paved the way for acquisition of 37 enterprises which were earlier transferred to the private sector.
“The objective of the Government is to provide for the effective management, administration and revival of these enterprises in the national interest, having vested them in the State” a paper on its revival revealed.http://lbt.lk/news/economic/782-competent-authorities