Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 316

Power to fill vacancy in office of liquidator

316.
(1) Where a vacancy occurs by death, resignation, or otherwise in the office of liquidator appointed by the company, the company at a general meeting may, subject to any arrangement with its creditors, fill the vacancy.
(2) For the purpose of filling a vacancy in the office of liquidator a general meeting of the company may be convened by any contributory or, where there are more liquidators than one, by the continuing liquidators.
(3) The meeting referred to in subsection (2) shall be held in the manner provided by this Act, or by the articles, or in such manner as may, on application by any contributory or by the continuing liquidators, be determined by the court.


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