Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 183

Duty of directors to disclose age

183.
(1) Any person who is appointed, or to his knowledge is proposed to be appointed, director of a company at a time when he has attained the age of seventy years or such lower age, if any, as may be specified in the company's articles in that behalf, shall give notice of his age to the company :
(2) Any person who-
(a) fails to give notice of his age as required by the provisions of subsection (1) ; or
(b) acts as director under any appointment which is invalid, or which has terminated, by reason of his age,
(3) For the purposes of the provisions of paragraph (b) of subsection (2), a person who has acted as, director under an appointment which is invalid or has terminated, shall be deemed to have continued so to act throughout the period from the date of the invalid appointment or the date on which the appointment terminated, as the case may be, until the last day on which he acted thereunder.


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