Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 301

Power to arrest absconding contributory

301. The court may, at any time either before or after making a winding-up order, on reasonable cause being shown for believing that a contributory is about to leave Sri Lanka or otherwise to abscond, or to remove or conceal any of his property for the purpose of evading payment of calls, or of avoiding examination with respect to the affairs of the company, may cause the contributory to be arrested, and his books and papers and movable personal property to be seized, and kept in safe custody until such time as the court may specify.


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