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srilawsby aturio
As enacted
Contents

Part I

8. Official Receiver and Deputy Official Receivers

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

(1)

The Minister shall appoint -

(a)

a suitable person by name or by office to be

Official Receiver; and

(b)

one or more suitable persons by name or by office to be Deputy Official Receivers, to act on behalf of or stand in the place of the Official Receiver where it is necessary or expedient to do so.

Rescue, Rehabilitation and Insolvency

(2)

The Official Receiver and Deputy Official Receivers shall be officers of the court.

(3)

The Official Receiver and Deputy Official Receivers –

(a)

shall hold office on such terms and conditions as the Minister may direct; and

(b)

may be removed from office by a direction of the

Minister.

(4)

The Director-General shall monitor the conduct and performance of the Official Receiver and Deputy Official

Receivers, and may require the Official Receiver to provide to the Director-General any document or information that may concern the conduct and performance of ones office or that of a Deputy Official Receiver.

(5)

Deputy Official Receivers shall discharge their duties and exercise their powers subject to the control and direction of the Official Receiver.

(6)

Any Deputy Official Receiver may act on behalf of or stand in the place of the Official Receiver and while doing so shall –

(a)

have all of the authority and powers of the Official

Receiver; and

(b)

be subject to the same restrictions and limitations as may be imposed on the Official Receiver by this Act or any regulation made thereunder.

Read on from s 9

Part II

Personal Insolvency: Principles

Read on from Part II

Part III

Debt Protection Moratorium Order

Read on from Part III

Part IV

Debt Restructuring Arrangements

Read on from Part IV

Part V

Debt Rehabilitation Orders

Read on from Part V

Part VI

Read on from Part VI

Part VII

Personal Insolvency Register

Read on from Part VII

Part VIII

Read on from Part VIII

Part IX

Read on from Part IX

Part X

Compromises

Read on from Part X

Part XI

Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

Read on from Part XI

Part XII

Read on from Part XII

Part XIII

Read on from Part XIII

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