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Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · இயற்றப்பட்டவாறு · Part XII

309. Contributories’ committee in liquidation

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

(1)

At any time during a liquidation and if a liquidation contributories’ committee has not already been established, a liquidator –

(a)

shall seek the establishment of a liquidation contributories’ committee, if so requested by a contributory in such manner as may be prescribed; or

(b)

may seek the establishment of a liquidation contributories’ committee, on the liquidator’s own motion.

(2)

The establishment of a liquidation contributories’

committee and appointments to such a committee require one or more resolutions of contributories adopted at a meeting of contributories –

(a)

which, in the case of a request made under paragraph (a) of subsection (1), the liquidator shall hold within seven working days after the liquidator receives the request; and

(b)

the notice of which shall –

(i)

summarise the matters referred to in this section; and

(ii)

invite nominations for membership of the liquidation contributories’ committee.

(3)

The Fifth Schedule shall apply to a meeting referred to in subsection (2).

(4)

If established, a liquidation contributories’

committee –

(a)

shall have the following functions : –

Rescue, Rehabilitation and Insolvency

(i)

to consult with the liquidator about matters relating to the liquidation; and

(ii)

to consider reports from the liquidator sent under subsection (5); and

(b)

may not give directions to the liquidator.

(5)

If a liquidation contributories’ committee is established, the liquidator shall send reports to the committee containing such information, in such manner, and within such periods as may be prescribed.

(6)

A person shall not be eligible to be a member of a liquidation contributories’ committee unless the liquidator is satisﬁed that the person is –

(a)

a contributory;

(b)

the agent of a contributory under a general power of attorney; or

(c)

authorised in writing by a contributory to be a member.

(7)

With respect to a liquidation contributories’ committee, the following matters shall be subject to such requirements, restrictions and limitations as may be prescribed –

(a)

membership and termination of membership of the committee;

(b)

notice of the establishment of the committee and of matters relating to the committee;

(c)

the procedure for convening meetings of the committee;

(d)

protection of acts, omissions or decisions done or made by members of the committee;

Rescue, Rehabilitation and Insolvency

(e)

reimbursement of expenses of members of the committee; and

(f)

transactions made by members of the committee and their related parties.

(8)

The consequences of defects in the qualiﬁcations, nomination or election of members of a liquidation contributories’ committee shall be as may be prescribed.

(9)

Where, by reason of vacancies in a liquidation contributories’ committee, the committee is unable to act, the liquidator shall as soon as practicable give written notice of that fact to each known contributory.

s 310 முதல் தொடர்ந்து படிக்கவும்