Skip to content
Contents

Part VI

107. Audit of Bankruptcy Trustee accounts

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

(1)

Every Bankruptcy Trustee shall, at such times as may be prescribed or ordered by a court, but not less than twice in each year during the tenure of office, send to the

Official Receiver an account of the receipts and payments as such Trustee.

(2)

The account shall —

(a)

be in a form prescribed or ordered by a court; and

(b)

be verified by statutory declaration in the prescribed form.

(3)

If the Official Receiver considers it necessary, for the proportionate and just resolution of the case, shall cause the accounts so sent to be audited.

(4)

For the purposes of an audit under subsection (3), the Bankruptcy Trustee shall furnish the auditor with such information as the auditor may require, and the auditor may at any time require the production of and inspect any books or accounts kept by the Trustee.

(5)

When any such account has been audited, a copy shall be filed and kept by the Official Receiver, and another copy shall be filed with the court, and each copy shall be open to the inspection by a creditor, the bankrupt debtor, or any person interested.

Part VII

Personal Insolvency Register

Part VIII

Part IX

Part X

Compromises

Part XI

Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

Part XII

Part XIII

Part XIV

Cross - Border Insolvency

Part XV

Part XVI

Part XVII

Schedules