Companies (Amendment) Act 2025 · As enacted
16. Insertion of new section 484A of the principal enactment
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
The following new section is hereby inserted immediately after section 484 of the principal enactment, which shall have effect as section 484A of the principal enactment: -
484A. (1) Where a company is unable to furnish such information or produce any book, register or other document before the date specifi ed in the notice under subsection (1)
of section 484, such company may make an application together with the reasons therefor to the Registrar for an extension of such period.
Upon the consideration of the application and reasons, the Registrar may extend the time period subject to the terms and conditions as he may think fi t to impose. The Registrar shall in writing communicate his decision to the company.
“Registrar’s power to grant extension for acts.
Where the company fails to comply with the direction within the extended period of time under subsection (1)—
the company shall be guilty of an offence and be liable on conviction to a fi ne not exceeding fi ve hundred thousand rupees;
every offi cer of the company who is in default shall be guilty of an offence and be liable on conviction to a fi ne not exceeding two hundred thousand rupees.”.