Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 269

Report by official receiver

269.
(1) In any case where a winding-up order is made, the official receiver shall, as soon as practicable after receipt of the statement to be submitted under the provisions of section 268 or, in any case where the court orders that no such statement shall be submitted, as soon as practicable after the date of the order, submit a preliminary report to the court
(a) as to the amount of capital issued, subscribed and paid up and the estimated amount of assets and liabilities; and
(b) where the company has failed, as to the causes of failure; and
(c) whether in his opinion further inquiry is desirable as to any matter relating to the promotion, formation, or failure of the company, or the conduct of the business thereof.
(2) The official receiver may also, if he thinks fit, make a further report, or further reports stating the manner in which the company was formed and whether in his opinion any fraud has been committed by any person in its promo tion or formation, or by any officer of the company in relation to the company since the formation of such company and any other matters which in his opinion it is desirable to bring to the notice of the court.
(3) Where the .official receiver states in any such further report as is referred to in subsection (2) that in his opinion a fraud has been committed, the court shall have the powers set out in section 300.


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