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As enacted
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Part VII · Management and Administration Registered Office

200. Disclosure of share dealing by directors

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

A person who—

(a)

is a director of a company on the appointed date; or

(b)

becomes a director of a company thereafter, and who has a relevant interest in any shares issued by the company, shall forthwith—

(c)

disclose to the board the number and class of shares in which the relevant interest is held and the nature of the relevant interest; and

(d)

ensure that the particulars disclosed to the board under paragraph (c) are entered in the interests register.

(2)

A director of a company who acquires or disposes of a relevant interest in shares issued by the company shall, forthwith after the acquisition or disposition—

(a)

disclose to the board—

(i)

the number and class of shares in which the relevant interest has been acquired or the number and class of shares in which the relevant interest was disposed of, as the case may be;

(ii)

the nature of the relevant interest;

(iii)

the consideration paid or received; and

(iv)

the date of the acquisition or disposition; and

(b)

ensure that the particulars disclosed to the board under paragraph (a) are entered in the interests register.

APPOINTMENT AND REMOVAL OF DIRECTORS

Part VIII

Amalgamations

Part IX

Compromises with Creditors

Part X

Approval of Arrangements, Amalgamations, and Compromises by Court

Part XI

Provisions Relating to Offshore Companies

Part XII

Winding Up

Part XIII

Administrators Appointment of Administrator

Part XIV

Floating Charges

Part XV

Receivers and Managers

Part XVI

Registrar-General of Companies and Registration Appointment of Officers

Part XVII

Application of Act to Existing Companies

Part XVIII

Overseas Companies

Part XIX

Advisory Commission

Part XX

Companies Disputes Board

Part XXI

Offences Miscellaneous Offences

Part XXII

Miscellaneous Prohibition of Partnership with More Than Twenty Members

Part XXIII

Repeals and Amendments

Schedules