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srilawsby aturio
As enacted
Contents

Part XII · Winding Up

320. Notice of resolution to wind up voluntarily

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

(1)

When the company has passed a resolution for voluntary winding up, it shall within fourteen days from the date of the passing of the resolution, give notice of the resolution by publication in the Gazette.

(2)

Where the company fails to comply with the provisions of this section —

(a)

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

(b)

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

(3)

For the purposes of this section, the liquidator of company shall be deemed to be an officer of the company.

Read on from s 321

Part XIII

Administrators Appointment of Administrator

Read on from Part XIII

Part XIV

Floating Charges

Read on from Part XIV

Part XV

Receivers and Managers

Read on from Part XV

Part XVI

Registrar-General of Companies and Registration Appointment of Officers

Read on from Part XVI

Part XVII

Application of Act to Existing Companies

Read on from Part XVII

Part XVIII

Overseas Companies

Read on from Part XVIII

Part XIX

Advisory Commission

Read on from Part XIX

Part XX

Companies Disputes Board

Read on from Part XX

Part XXI

Offences Miscellaneous Offences

Read on from Part XXI

Part XXII

Miscellaneous Prohibition of Partnership with More Than Twenty Members

Read on from Part XXII

Part XXIII

Repeals and Amendments

Read on from Part XXIII

Schedules