Skip to content
srilawsby aturio
As enacted
Contents

Part XII

296. Role of liquidator

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

Subject to section 337 a liquidator of a company in liquidation has the following objective –

(a)

to exercise control over the property of the company;

(b)

to protect the property of the company;

(c)

to realise property of the company; and

(d)

to distribute –

Rescue, Rehabilitation and Insolvency

(i)

the proceeds of realisation of property of the company; and

(ii)

where applicable, property of the company, subject to the applicable provisions of this Act.

CHAPTER 2

Process of Liquidation

Read on from s 297

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