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Contents

Part IX

206. Requirement to provide information to administrator

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

(1)

Where an administrator is appointed, every director and other officer of the company shall –

(a)

as soon as practicable and in any event within five working days after the appointment make available to the administrator all books, records and documents relating to the affairs, business, property and financial circumstances of the company in the person’s possession or custody or under the person’s control;

(b)

if required to do so by the administrator, verify by affidavit within a reasonable period that the books, records and documents are complete and correct;

(c)

if the company has a common seal, promptly make the common seal available for use by the administrator; and

(d)

give the administrator such assistance as the administrator may reasonably request.

(2)

On the application of the administrator, the court may make an order requiring a director or other officer of the company to comply with subsection (1).

(3)

A verification under paragraph (b) of subsection (1) may be qualified in relation to specific matters dealt with in the books, records and documents where the person giving the verification does not –

(a)

consider the books, records and documents to be complete and correct; or

Rescue, Rehabilitation and Insolvency

(b)

have the knowledge necessary to give a verification.

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