As enacted

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Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · As enacted · Part IX

183. Who may appoint an Administrator

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

(1)

Subject to subsection (2), an administrator may be appointed by –

(a)

the company, under section 185;

(b)

the board of the company, under section 186;

(c)

a liquidator or a provisional liquidator, under section 188;

(d)

a secured creditor or a receiver, under section 189; or

(e)

the court, under section 190.

(2)

If the company is already in administration, an administrator may not be appointed except –

(a)

by the creditors, as a replacement administrator for an administrator that the creditors have removed, under paragraph (a) of subsection (2)

of section 254;

(b)

by the appointer of the ﬁrst administrator, under subsection (4) of section 253;

(c)

by the court; or

Rescue, Rehabilitation and Insolvency

(d)

pursuant to a process speciﬁed by the court under sub-paragraph (ii) of paragraph (a) of subsection (5) of section 253.

Read on from s 184

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