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srilawsby aturio
As enacted
Contents

Part XIII

388. Duty of receiver in relation to accounting records

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

(1)

A receiver shall at all times keep accounting records that correctly record and explain, in relation to the period of the receivership, all receipts, payments and other transactions relating to the property in receivership.

Rescue, Rehabilitation and Insolvency

(2)

On an application to the court by an interested person, the court may order that the applicant may inspect the accounting records referred to in subsection (1) on such terms and conditions as may be necessary.

(3)

The accounting records referred to in subsection (1)

shall be retained by the receiver for at least five years after the receivership ends.

(4)

A receiver who fails to comply with this section commits an offence.

CHAPTER 5

Remuneration of Receiver

Read on from s 389

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