Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 100

Company register of charges

100.
(1) Every limited company shall keep a register of charges and enter therein all charges specifically affecting property of the company and all floating charges on the undertaking or any property of the company, giving in each case a short description of the property charged, the amount of the charges, and, except in the case of securities to bearer, the names of the persons entitled thereto.
(2) Any officer of the company who knowingly and wilfully authorizes or permits the omission of any entry required to be made under the provisions of this section, shall be guilty of an offence and shall be liable to a fine not exceeding five hundred rupees.


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