Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 101

Right to inspect copies of instruments creating mortgages and charges and company's register of charges

101.
(1) The copies of instruments creating any charge requiring registration under this Part with the Registrar, and the register of charges kept under the provisions of section 100, shall be open during business hours (but subject to such reasonable restrictions as the company at a general meeting may impose, so that not less than two hours in each day shall be allowed for inspection) to the inspection of any creditor or member of the company without fee, and the register of charges shall also be open to the inspection of any other person on payment of such fee as the company may specify.
(2) Where inspection of the said copies or register is refused any officer of the company refusing inspection, and every officer of the company who is in default shall be guilty of an offence and shall be liable to a fine not exceeding two hundred and fifty rupees and a further fine not exceeding twenty rupees for every day during which the refusal continues.
(3) Where any such refusal occurs in relation to a company registered in Sri Lanka, the court may by order compel an immediate inspection of the copies or register referred to in subsection (1).


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