Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 403

Enforcement of duty to comply with provisions of this Part

403.
(1) Where any company to which the provisions of this Part apply, having made default in complying with any such provision, fails to make good the default within fourteen days from the date of service of a notice on the company requiring it to do so, the court many, on an applica tion made to the court by the Registrar or by any creditor of the company or by any other person who may appear to the court to be interested, make an order directing the company and any officer thereof to make good the default within such time as may be specified in the order.
(2) Any order made under the provisions of subsection (1) may provide that all costs of and incidental to the applica tion shall be borne by the company or by any officer of the company responsible for the default.
(3) Nothing in this section shall be taken to prejudice the operation of any enactment imposing penalties on a company or its officers in respect of any default referred to in subsection (1).


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