As enacted

Contents

Microfinance and Credit Regulatory Authority Act 2026 · As enacted · Part VI · Regulation of Moneylenders and microfinance institutions

35. Informing certain events to the Director-General

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

All licencees shall forthwith inform in writing the

Director-General of the following events: –

(a)

being unable to meet its obligations or is about to become insolvent;

(b)

any action being filed in court for liquidation of the licencee, in case of a company;

(c)

any action filed for bankruptcy by a licencee in a court of law;

(d)

dissolution or winding up in the case of a society;

(e)

dissolution in the case of a partnership.

Part VII

Examination of A Licencee

Part VIII

Part IX

Part X

Part XI

Part XII

Part XIII