62. Requirement to notify the Authority about the appointment of a receiver, & c.,

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

(1)

A person who-

(a)

obtains an order for the appointment of a receiver or a receiver and manager of a company’s property; or

(b)

appoints a receiver or a receiver and manager of a company’s property under the powers contained in an instrument, shall be required to register such appointment with the

Registrar within seven days of making such appointment.

(2)

A receiver or a receiver and manager of a company’s property appointed by virtue of an instrument and who ceases to act as such, shall be required to file an amendment statement.

(3)

A notice issued under this section shall be in the prescribed form and be issued in the prescribed manner.

(4)

A person who fails to comply with the requirements imposed by this section commits an offence and shall be liable on conviction before a Magistrate’s Court to a fine not exceeding one hundred thousand rupees.

Read on from s 63

Part VII

General Provisions

Read on from Part VII

Part VIII

Repeals and Savings

Read on from Part VIII

Part IX

Interpretation

Read on from Part IX