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srilawsby aturio
As enacted
Contents

Part IX

218. Meetings in administration of shareholders, creditors and committees

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

(1)

An administrator shall at all times until the end of the administration convene such meetings of –

(a)

the shareholders as the administrator sees fit;

(b)

the creditors as the administrator sees fit; and

Rescue, Rehabilitation and Insolvency

(c)

an administration creditors’ committee (if any) –

(i)

as the administrator sees fit;

(ii)

as that committee may reasonably request, within five working days after receiving the committee’s request.

(2)

The Fifth Schedule shall apply to the meetings referred to in paragraph (b) of subsection (1).

(3)

The requirements for notice and the conduct of business of meetings convened under paragraph (c) of subsection (1)

shall be as may be prescribed.

Read on from s 219

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