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srilawsby aturio
As enacted
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Contents

Part VIII · Microfinance Non-Governmental Organizations

25. Registrar may examine books of accounts etc.

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

(1)

The Registrar or any other officer authorized in writing by him in that behalf, may at any time examine the books of accounts and records of any microfinance NGO and for that purpose may do any one or more of the following:–

(a)

require any microfinance NGO, or a director, manager, employee or auditor of any microfinance

NGO to furnish him all such information as he may consider necessary and to produce for inspection books, records, files, registers, and such other documents of such microfinance NGO and to provide authenticated copies in any form as required of such books, records, files, registers and such other documents;

(b)

enter and examine books, records, files, registers, and such other documents of a microfinance NGO and may obtain copies, authenticated or otherwise, in any form of such books, records, files, registers and such other documents;

(c)

require any microfinance NGO or a director, manager, employee or auditor of any microfinance

NGO to submit the accounts of such microfinance

NGO, furnish such information and produce such books, records, files, registers and such other documents for audit by a qualified auditor authorized by the Registrar.

(2)

The cost of such examination may be recovered from the microfinance NGO.

(3)

It shall be the duty of every person to comply with any requirement imposed on him under subsection (1) and any person who-

(a)

fails to provide any information or produce for inspection any book, record, file, register or such other document required under this section;

(b)

provides false or incomplete or incorrect information, book, record, file, register or such other document; or

(c)

obstructs the Registrar or any person authorized by the Registrar under subsection (1) in the performance of any function under subsection (1), shall be guilty of an offence under this Act.

Read on from s 26

Part IX

Principles, Standards and Guidelines Laid Down by the Board

Read on from Part IX

Part X

Immunity from Prosecution

Read on from Part X

Part XI

General

Read on from Part XI

Schedules