Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · As enacted · Part XVI
455. Regulations
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The Minister may make regulations on any matter in respect of which regulations are –
authorised to be made under this Act; or
required, necessary, or desirable to be made under this Act.
Without prejudice to the generality of the provisions contained in subsection (1), the Minister may make regulations in regard to –
the form, content, language (or languages), authentication and sending of, and the amendment to and withdrawal of, notices, reports and other documents, and copies of such notices, reports and other documents, including –
Rescue, Rehabilitation and Insolvency
the time at which such notices, reports and other documents and copies of such notices, reports and other documents are deemed to have been received; and
as regards electronic communications;
the disclosure, publication, rectification and inspection of documents (including public files and registers), and rights to copies of documents;
creditor and contributory decision-making;
the scope of fees, costs, charges and expenses that may be claimed by insolvency office holders;
the assessment and recovery of, and security for, costs;
notification of matters to relevant persons and bodies, including the Inland Revenue
Department; and
the structure and operations of the Authority.
Every regulation made by the Minister shall be published in the Gazette and shall come into operation on the date of such publication or on such later date as may be specified in the regulation.
Every regulation made by the Minister shall, not later than three months after its publication in the Gazette be brought before Parliament for approval. Any regulation which is not so approved shall be deemed to be rescinded as from the date of such disapproval but without prejudice to anything previously done thereunder.
Rescue, Rehabilitation and Insolvency