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Part II · Markets and Market Institutions

45. Duty to report on completion of default proceedings

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

(1)

Upon completion of any default proceedings, a licensed clearing house shall provide a report in respect of each defaulter to the person or entity referred to in subsection (2) in respect of the following: -

(a)

the net sum, if any, certified by the licensed clearing house to be payable by or to the defaulter;

(b)

the fact that no sum is so payable to the defaulter;

and

(c)

such other particulars in respect of such default proceedings as it thinks fit.

(2)

A certified copy of the report prepared under subsection (1) shall be provided forthwith-

(a)

to the Commission;

(b)

to the defaulter to whom the report relates or to the relevant office holder acting for the defaulter to whom the report relates or to the defaulter’s estate;

and

(c)

to such other person as the Commission deems fit.

(3)

Where the licensed clearing house has made a report pursuant to subsection (1), relevant office holder of the defaulter shall publish a notice of that fact to bring it to the attention of creditors of the defaulter to whom the report relates.

(4)

Where a relevant office holder or defaulter receives a report pursuant to subsection (1), it shall, at the request of any of his creditors-

(a)

make the report available for inspection by the creditor within two days from the receipt of such request; or

(b)

on payment of a relevant fee as determined by the relevant office holder or the defaulter, provide to the creditor a certified copy of such report or any part of that report as requested.