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Contents

Part V · Regulatory and Resolution Actions on Finance Companies

33. Priority of claims in winding up

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

The Minister may make regulations with regard to the priority of claims in a winding up of a finance company:

Provided however, until any regulations are made under this section the provisions of the Companies Act,

No. 7 of 2007 or any other applicable law to the extent that such provisions are not inconsistent with the provisions of this Act shall, mutatis mutandis, apply with regard to the priority of claims in a winding up of a finance company.

Part VI

Insurance of Deposits

Part VII

Action Against Persons Carrying on Finance Business or Accepting Deposits Without Authority

Part VIII

Offences and Penalties

Part IX

General