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srilawsby aturio
As enacted
Contents

Part XII

324. Requirement to provide information to liquidator

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

(1)

Where a liquidator 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 liquidator 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 liquidator, 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 liquidator; and

(d)

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

Rescue, Rehabilitation and Insolvency

(2)

On the application of the liquidator, 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

(b)

have the knowledge necessary to give a verification.

Read on from s 325

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