A seminar on the ‘New Foreign Exchange Control Act’ which came into operation recently, will be conducted on December 19th from 3.00 p.m. to 5.00 p.m. at the National Chamber of Commerce (NCC) auditorium, Colombo 10.
The event is organized in association with the Department of Foreign Exchange.
The Controller of Foreign Exchange, U. Alawattage, is expected to grace the event as a Special Guest and give the keynote address.
Additionally, senior officials of the Foreign Exchange Dept., will speak on all the new aspects of foreign exchange law, on foreign exchange operations, which have been more relaxed than ever before, offences and penalties under the Act , new regulations etc.
The new Act has been introduced with a view to liberalize the capital flows and simplify the processes associated with current account transactions and various types of foreign currency/rupee accounts.
There will be a panel discussion where participants would get an opportunity to find out more information on the new changes.
This important seminar will be beneficial to all organizations, heads of management, financial controllers, dealers of foreign exchange, importers /exporters.