Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 93

Duty of company register to charges existing on property acquired

93.
(1) Where after the appointed date a company registered in Sri Lanka acquires any property which is subject to a charge of any such kind as would, if it had been created by the company, after the acquisition of the property, have been required to be registered under this Part, the company shall cause the prescribed particulars of the charge, together with a copy (certified in the prescribed manner to be a correct copy) of the instrument, if any, by which the charge was created or is evidenced, to be delivered to the Registrar for registration in the manner required by this Act, within twenty-one days from the date on which the acquisition is completed :
(2) Where default is made in complying with this section the company and every officer of the company who is in default shall be guilty of an offence and shall be liable to a fine of five hundred rupees.


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