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Contents

Part VII · Management and Administration Registered Office

233. Restraining orders

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The court may on an application made under this section, make an order restraining a company that, or a director of a company who, proposes to engage in a conduct that would contravene the articles of the company or any provision of this Act, from engaging in that conduct.

(2)

An application may be made by —

(a)

the company; or

(b)

a director or shareholder of the company.

(3)

Where the court makes an order under subsection (1), it may also grant such consequential relief as it thinks fit.

(4)

An order may not be made under this section in relation to a conduct or a course of conduct that has been completed.

(5)

The court may at any time before the final determination of an application under subsection (1), make as an interim order, any order that it is empowered to make under that subsection. Such order may at the discretion of the court, be made ex parte or after notice to the respondent. The respondent may make an application for an order of revocation or variation of the exparte order with notice to the petitioner.

(6)

The provision of section 521 shall not apply to any interim order made under this section.

DERIVATIVE ACTIONS

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