Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · As enacted · Part I
15. Conditions
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The Authority may at any time impose a condition that limits the types of activity that such Insolvency
Practitioners may undertake, in relation to the registration of all registered Insolvency Practitioners, or on one or more specified classes of registered Insolvency Practitioners.
The conditions imposed under subsection (1) may include compliance with such continuing professional development requirements as the Authority considers appropriate.
Without prejudice to subsection (1), the Authority may at any time impose a condition on the registration of an
Insolvency Practitioner that limits the types of activity that the Insolvency Practitioner may undertake.
Subject to such conditions as may be prescribed, an Insolvency Practitioner may apply to the Authority for the variation or removal of a condition imposed on that
Insolvency Practitioner under subsection (3).
Following an application under subsection (4), the
Authority shall follow such procedure as may be prescribed, including as to appeals.
Rescue, Rehabilitation and Insolvency
Part II
Personal Insolvency: Principles
Part III
Debt Protection Moratorium Order
Part IV
Debt Restructuring Arrangements
Part V
Debt Rehabilitation Orders
Part VI
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