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srilawsby aturio
As enacted
Contents

Part I

14. Registration

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

(1)

An individual may apply to the Authority, in such manner and upon the payment of such registration fee as may be prescribed, for registration as an Insolvency Practitioner.

(2)

Upon receipt of an application under subsection (1), the Authority –

(a)

shall follow such procedure as may be prescribed, including as to appeals; and

(b)

shall, in accordance with that procedure and subject to subsection (4), register the person as an Insolvency Practitioner and issue a certificate of registration, in the manner prescribed.

(3)

The requirements with which a person must comply in order to be registered as an Insolvency Practitioner shall include such requirements as to professional qualifications and experience, relevant examinations, and other relevant criteria, as are–

(a)

prescribed; or

(b)

contained in any rules made by the Authority.

Rescue, Rehabilitation and Insolvency

(4)

The Authority may not register a person as an

Insolvency Practitioner unless it is satisfied that the person –

(a)

is a fit and proper person to be appointed and act as a key office holder; and

(b)

complies with the requirements for registration as an Insolvency Practitioner referred to in subsection (3).

(5)

The Authority may register a person as an Insolvency

Practitioner for a fixed period of one year or for such other period as may be prescribed, subject to renewal, cancellation or suspension of the registration under this Part.

Read on from s 15

Part II

Personal Insolvency: Principles

Read on from Part II

Part III

Debt Protection Moratorium Order

Read on from Part III

Part IV

Debt Restructuring Arrangements

Read on from Part IV

Part V

Debt Rehabilitation Orders

Read on from Part V

Part VI

Read on from Part VI

Part VII

Personal Insolvency Register

Read on from Part VII

Part VIII

Read on from Part VIII

Part IX

Read on from Part IX

Part X

Compromises

Read on from Part X

Part XI

Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

Read on from Part XI

Part XII

Read on from Part XII

Part XIII

Read on from Part XIII

Part XIV

Cross - Border Insolvency

Read on from Part XIV

Part XV

Read on from Part XV

Part XVI

Read on from Part XVI

Part XVII

Read on from Part XVII

Schedules