News
Karu first Chairman of Former Parliamentarians’ Caucus

Former Speaker Karu Jayasuriya was appointed Chairman of the Former Parliamentarians’ Caucus during its first meeting held at the Parliament complex, parliament media division said.The meeting was convened under the Chairmanship of incumbent Speaker Mahinda Yapa Abeywardena.
Jayasuriya’s name was proposed by former Deputy Speaker Thilanga Sumathipala and seconded by former MP Sumedha G. Jayasena.
Former MP Shantha Premaratne was appointed as the convener of the Caucus.
Also present on the occasion were former Deputy Speaker Ananda Kumarasiri, former MPs Anura Bastian, Chandradasa Galappatti, Ranjan Ramanayake, Chandana Kathriarachchi, Jeevan Kumarathunga, Tissa Karaliyadde, Ameer Ali, Noel Padmasiri, Ananda Kularatne, Samantha Karunarathne, Hema Ratnayake, Upali Amarasiri, Themiya Loku Bandara, Kesaralal Gunasekara, Samansiri Herath, Deepal Gunasekara, Premasiri Manage, P. Tissakuttiarachi, Uditha Lokubandara, Kamala Ranatunga, R. Nandimitra, G de Soyza, Ravindra Samaraweera, Nandana Gunathilake, Nandimitra Ekanayake, and P Dayaratne.
Secretary General of Parliament Kushani Rohanadeera and Assistant Secretary General Hansa Abeyratne were also present at the meeting.
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Amendment of the Companies Act No. 07 of 2007 to be Gazetted

Approval of the Cabinet of Ministers has been granted to amend the Companies Act No. 07 of 2007 for remedying the shortcomings related to the transparency according to the international standards for prevention of money laundering, financing terrorism and other illegal activities.
Accordingly, the draft bill prepared by the Legal Draftsman has been revised as per instructions provided by the Attorney General subject to the special decision of the Supreme Court No. SC/SD/92/2024 and clearance of the Attorney General has been granted for the final draft bill prepared by the Legal Draftsman.
The Cabinet of Ministers granted approval to the resolution furnished by the Minister of Trade, Commerce, Food Safety and Cooperative Development to publish the aforementioned draft bill in the government gazette notification and subsequently submit to the Parliament for its concurrence.
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Cabinet approves submission of the orders imposed under the Regularization of Fertilizer Act No. 68 of 1988 for the concurrence of the Parliament.

The charges to be paid when obtaining a license for import of fertilizer, manufacturing or processing under the Regularization of Fertilizer Act No. 68 of 1988 has been declared by the orders published in the extraordinary gazette No. 1683/5 dated 06.12.2010.
Approval of the Cabinet of Ministers has been granted at the meeting of the Cabinet of Ministers held on 05.02.2024 in order to timely amend the declared charges by the said orders. Accordingly, the orders formulated by the Legal Draftsman has been published in the extraordinary gazette notification No. 2398/13 dated 20.08.2024.
Therefore, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Agriculture, Livestock, Lands and Irrigation to submit those order for the concurrence of the Parliament as per the provisions of the Regularization of Fertilizer Act No. 68 of 1988.
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Cabinet nod to amend Land Acquisition Act No.09 of 1950

Due to the considerable time spent on following the provisions of the Land Acquisition Act No. 09 of 1950, approval has been granted at the cabinet meeting held on 11-01-2021 to amend the said Land Acquisition Act appropriate to the current requirement so that the time taken for the process of acquisition of lands can be minimized, lands can be acquired under a simple procedure, and the compensation can be paid under a unified procedure. The initial draft has been prepared for that purpose, and the legal draftsman has informed that the policy approval of the Cabinet of Ministers should be taken for the completion of the activities of the preparation of the draft.
Accordingly, taking into consideration the proposal presented by the Minister of Agriculture, Livestock, Land, and Irrigation, the Cabinet of Ministers has decided to instruct the legal draftsman to prepare the draft promptly.
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