As enacted

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

472. Amendment of section 529 of the Companies Act

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

Section 529 of the Companies Act is hereby amended in subsection (1) –

(a)

in the deﬁnition of “director” –

(i)

in paragraph (b), by the addition, immediately after the ﬁgure “197,”, of the words and ﬁgures “214(1)(b) and

(d)

(except the ﬁnal reference in that paragraph), 214(1a)(b), 214(3),”;

Rescue, Rehabilitation and Insolvency

(ii)

in paragraph (c) by the addition, immediately after the ﬁgure “197,”, of the words and ﬁgures “214(1)(b) and

(d)

(except the ﬁnal reference in that paragraph), 214(1a)(b), 214(3),”; and

(b)

in the deﬁnition of “receiver”, by the substitution for the word and ﬁgure “Part XV”, of the words and ﬁgures “Part XIII of the Rescue,

Rehabilitation and Insolvency (Corporate and

Personal) Act, No. 12 of 2026”.

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