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Part XIII · Administrators Appointment of Administrator

409. Approval of substantial revisions to proposals

அதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள உரை மேலோங்கும். அதிகாரப்பூர்வ Sinhala உரையைத் திறக்கவும், documents.gov.lk-இல் அதிகாரப்பூர்வ PDF

(1)

Where—

(a)

the proposals of the administrator have been approved under section 407 ; and

(b)

the administrator proposes to make substantial revisions to those proposals, the administrator shall send to all creditors of the company so far as he is aware of their addresses, a written statement of the proposed revisions.

(2)

The administrator shall call a meeting of the creditors to consider the revisions, not less than five and not more than ten working days after the date on which copies of the statement had been sent to the creditors.

(3)

The administrator shall also before the date of the scheduled meeting of the creditors to consider the statement, either—

(a)

send a copy of the statement to all shareholders of the company ; or

(b)

give public notice of an address at which shareholders of the company can obtain a copy of the statement free of charge.

(4)

The meeting may approve the proposed revisions with modifications, if the administrator consents to the modifications.

(5)

The meeting shall be conducted in accordance with the procedure specified in the Seventh Schedule, and at the conclusion of such meeting the administrator shall give notice of the result of the meeting to the Registrar.

NOTICE OF ADMINISTRATION