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srilawsby aturio
As enacted
Contents

Part XII

346. Duty of liquidator to report off ence committed

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

(1)

Where a liquidator believes, or has reasonable grounds to believe, that the company or any involved party has committed an offence under –

(a)

this Act;

(b)

the Companies Act; or

(c)

the Securities and Exchange Commission of Sri

Lanka Act, No. 19 of 2021, the liquidator shall as soon as practicable report the matter to the Registrar and Authority.

(2)

The Registrar and Authority shall refer a matter reported under subsection (1) to the appropriate law enforcement authority.

(3)

In any case where a liquidator makes a report on a matter under subsection (1) that is reported to a law enforcement authority under subsection (2), the liquidator

Rescue, Rehabilitation and Insolvency shall give to the authority such assistance as the authority may require by way of –

(a)

provision of information;

(b)

access to documents; and

(c)

facilities for inspecting and copying documents.

(4)

Nothing in this section shall affect or limit any duty imposed on a liquidator under any other enactment.

(5)

A liquidator who fails to comply with subsection (1) or subsection (3) commits an offence.

Read on from s 347

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