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srilawsby aturio
As enacted
Contents

Part XII

355. Provision of information and assistance by administrator or receiver to liquidator

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

(1)

Where the creditors by resolution at an outcome meeting appoint a liquidator under paragraph (b) of subsection (2) of section 214 or a liquidator of a company in administration is otherwise appointed, and subject to section 438, the person who was the administrator at the end of the administration (if that person is not the liquidator who has been appointed) shall –

(a)

forthwith do all that is necessary to put the liquidator in control of the affairs, business and property of the company;

Rescue, Rehabilitation and Insolvency

(b)

as soon as practicable –

(i)

provide the liquidator with a copy of all accounting records made by the administrator under section 245; and

(ii)

deliver to the liquidator any other documents in the possession or custody or under the control of the administrator relating to the administration.

(2)

Subject to sections 322 and 438, where the liquidation of a company in receivership commences, the receiver shall –

(a)

forthwith do all that is necessary to put the liquidator in control of the affairs, business and property of the company;

(b)

as soon as practicable –

(i)

provide the liquidator with a copy of all accounting records made by the receiver under section 388; and

(ii)

deliver to the liquidator any other documents in the possession or custody or under the control of the receiver relating to the receivership.

Read on from s 356

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