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Contents

Part I

30. Interests statement

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

(1)

Interests statement signed by a person shall, in such level of detail as may be prescribed, disclose –

(a)

each circumstance, relationship or other fact or matter that gives rise to, or could reasonably be perceived as giving rise to, a conflict of interest for the person, in relation to the role in connection with which the interests statement is required;

(b)

the nature of each such conflict of interest; and

Rescue, Rehabilitation and Insolvency

(c)

how the person intends to manage each such conflict of interest.

(2)

Before a person signs an interest statement, the person shall make the inquiries that are reasonably necessary for ensuring that the interests statement is complete.

(3)

Any person who signs an interests statement, where –

(a)

the interests statement is false or misleading in a material particular; and

(b)

the person either –

(i)

knows that the interests statement is false or misleading in a material particular; or

(ii)

omits to disclose any fact or matter, knowing that the omission makes the interests statement false or misleading in a material particular, commits of an offence.

Part II

Personal Insolvency: Principles

Part III

Debt Protection Moratorium Order

Part IV

Debt Restructuring Arrangements

Part V

Debt Rehabilitation Orders

Part VI

Part VII

Personal Insolvency Register

Part VIII

Part IX

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