Companies Act 2007 · As enacted · Part XII · Winding Up
371. Other orders
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
If a transaction or charge is set aside under section 370, the court may make one or more of the following orders:–
an order requiring a person to pay to the liquidator in respect of benefits received by that person as a result of the transaction or charge, such sums as fairly represent those benefits;
an order requiring property transferred to a person as part of the transaction to be restored to the company;
an order requiring property to be vested in the company if that property represents the application either of the proceeds of sale of property or of money so transferred;
an order releasing in whole or in part a debt incurred or a guarantee or charge given by the company;
an order declaring an agreement constituting, forming part of or relating to the transaction or charge or specified provisions of such an agreement, to have been void at and after the time when the agreement was made or at and after a specified later time;
an order varying such an agreement in the manner specified in the order and if the court thinks fit, declaring the agreement to have had effect as so varied at and after the time when the agreement was made or at and after a specified later time;
an order declaring such an agreement or specified provisions of such an agreement to be unenforceable;
an order requiring security to be given for the discharge of an order made under this section;
an order specifying the extent to which a person affected by the setting aside of a transaction or by an order made under this section, is entitled to claim as a creditor in the liquidation.
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