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As enacted
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Part III · Issue of Securities

81. Approval of the Commission for issue of securities

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

A listed public company shall obtain the approval of the Commission or any person authorised by the Commission to grant approval in respect of–

(a)

any new issue or offer for sale of securities to the public, whether such issues or offers for sale are by way of a public offer or otherwise;

(b)

private placement of securities;

(c)

rights issues of securities;

(d)

bonus issues of securities; or

(e)

schemes of arrangements, schemes of reconstruction, take over schemes, share option schemes and acquisition of assets by way of issues of securities.

(2)

A listed foreign entity seeking a listing on an exchange licensed by the Commission shall apply to the Commission or any person authorised by the Commission for approval to make a public offer of securities.

(3)

The board of directors of every listed public company and listed foreign entity shall ensure that the company or the entity shall comply with the rules and requirements of the exchange in which it is listed at all times so long as the company or the entity remains listed on the exchange.

Read on from s 82

Part IV

Trade In Unlisted Securities

Read on from Part IV

Part V

Market Misconduct

Read on from Part V

Part VI

Finance

Read on from Part VI

Part VII

General

Read on from Part VII