As enacted

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Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · As enacted · Part XIII

401. Duty of receiver to notify end of receivership

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

(1)

This section applies to a person who was a receiver at the end of a receivership.

(2)

Within two working days after the end of the receivership, the person shall –

(a)

give written notice of the end of the receivership to the company or, if the company is in liquidation, the liquidator;

(b)

where the person was appointed as a receiver by the court, ﬁle the notice with the registrar of the court; and

Rescue, Rehabilitation and Insolvency

(c)

send a copy of the notice to the Registrar and

Authority.

(3)

Every person who fails to comply with this section commits an oﬀence.

CHAPTER 9

Powers of the Court in a Receivership

Part XIV

Cross - Border Insolvency