149. Place where accounting records are kept

the company shall ensure that the accounts and returns of the operations of the company—

disclose with reasonable accuracy the financial position of the company at intervals not exceeding periods of six months; and

will enable the preparation in accordance with this Act of the company’s financial statements and any group financial statements and any other document required to be maintained under this Act, are sent to and kept at a place in Sri Lanka; and

notice of the place where the accounting records and the accounts and returns required under paragraph (a) are kept, shall be given to the Registrar.

the company shall be guilty of an offence and be liable on conviction to a fine not exceeding two hundred thousand rupees; and

every officer of the company who is in default shall be guilty of an offence and be liable on conviction to a fine not exceeding two hundred thousand rupees.