Companies Act 2007 · As enacted · Part XII · Winding Up
383. Qualifications of liquidators
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
None of the following persons may be appointed or act as a liquidator of a company :—
a person below eighteen years of age;
a creditor of the company in liquidation;
a person who has within the two years immediately preceding the commencement of the winding up, been a shareholder, director, auditor, or receiver of the company or of a related company;
an undischarged bankrupt;
a person who has been adjudged to be of unsound mind under the provision of the Mental Diseases
Ordinance (Cap. 227);
a person in respect of whom an order has been made under section 468;
a person who is prohibited from being a director or promoter of or being concerned or taking part in the management of a company under section 186 of the
Companies Act, No. 17 of 1982, or who would be so prohibited, but for the repeal of that Act; or
a person who is prohibited from being a director or promoter of or being concerned or taking part in the management of a company under section 213 or 214.
A body corporate shall not be appointed or act as a liquidator.
Every person who acts in contravention of the provisions of subsection (1) or subsection (2) shall be guilty of an offence and be liable on conviction to a fine not exceeding two hundred thousand rupees.
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