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srilawsby aturio
As enacted
Contents

Part IX

259. Documents to refer to deed administration

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

(1)

For so long as a company is in deed administration, the deed administrator shall ensure that –

(a)

every document issued or signed by or on behalf of the company shall have the words “subject to deed of company arrangement” after the name of the company where it first appears; and

(b)

if the company has one or more websites, each page of each website shall state prominently that a deed of company arrangement is in force.

(2)

On an application by the company or the deed administrator, the court may exempt the deed administrator from the requirements in subsection (1) where it considers that proceeding with the purposes of the deed will be materially adversely affected if the application is not granted.

(3)

A failure to comply with subsection (1) shall not affect the validity of –

(a)

a person’s appointment as deed administrator; or

(b)

any document.

(4)

Every person who fails to comply with subsection (1)

commits an offence.

Rescue, Rehabilitation and Insolvency

Read on from s 260

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