ans_9419_586393176 | International IDEA

Date:


Sri Lanka

Answer

No

Source

Source: 

Section 5 (1), Regulation of Election Expenditure Act, No. 3 of 2023 

5. (1) A recognized political party, an independent group and a candidate at an election conducted under any law specified in section 2, shall not, directly or indirectly accept or receive a donation or contribution whether such donation or contribution is in cash or kind from-
(a) a government department, a public corporation or a company incorporated under the Companies Act, No.7 of 2007 or under any former written law relating to companies in which the government or a public corporation owns any shares; 
(b) a foreign government, an international organization or a body corporate incorporated or registered outside Sri Lanka; 
(c) a company incorporated in Sri Lanka under the Companies Act, No. 7 of 2007 or under any former written law relating to companies where the foreign shareholding in such company, either direct or indirect, is fifty percent or above; or 
(d) any person whose identity is not disclosed, for the purpose of promoting or procuring the election of such recognized political party, independent group or candidate at such election.
https://www.parliament.lk/uploads/acts/gbills/english/6287.pdf 

Comment

The law only bans donations from companies where the government or a public corporation owns any shares, or companies with 50% or more foreign ownership. Other corporations may still legally donate.

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