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srilawsby aturio
As enacted
Contents

Part XIII

375. Documents to refer to appointment of receiver

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

(1)

For so long as a receiver holds office, the receiver shall ensure that –

(a)

every document issued or signed by or on behalf of the grantor or the receiver and on which the name of the grantor appears shall state, where the name first appears, that a receiver has been appointed; and

Rescue, Rehabilitation and Insolvency

(b)

if the company has one or more websites, each page of each website shall state prominently that a receiver has been appointed.

(2)

For so long as a receiver holds office in respect of a specific asset, the receiver –

(a)

shall ensure that every document issued or signed by or on behalf of the grantor or the receiver that relates to the asset and on which the name of the grantor appears shall state clearly that a receiver has been appointed; and

(b)

shall require the company to ensure that if the company has one or more websites, each page of each website shall state prominently that a receiver has been appointed in respect of a specific asset of the company.

(3)

A failure to comply with subsection (1) or subsection (2) shall not affect the validity of –

(a)

a person’s appointment as receiver; or

(b)

any document.

(4)

Every person who –

(a)

fails to comply with subsection (1) or (2); or

(b)

abets or is concerned in a failure to comply with subsection (1) or (2), commits an offence.

Rescue, Rehabilitation and Insolvency

CHAPTER 3

Powers of Receiver

Read on from s 376

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