Sri Lanka Consolidated Acts

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Companies (Amendment) Act (No. 18 of 1965) - Sect 18

Insertion of new sections 360a and 360b in the principal enactment. [ 17, 15 of 1964.]

18. The following new sections are hereby inserted immediately after section 360, and shall have effect as sections 360a and 360b, of the principal enactment: -
360A. If any expenses or fees payable to the Registrar of Companies under this Ordinance are not paid by the person liable to pay the same upon demand, such default may be reported to a Magistrate, and the amount thereof shall be recovered in the same way as if it were a fine imposed by such Magistrate.
360B.
(1) Where an action is instituted against any company by any person in his capacity as a holder of shares in such company, the proceedings in such action shall be taken by way of summary procedure and, for the purpose of enabling such proceedings to be so taken, section 8 of the
(2) Notwithstanding anything to the contrary in any written law, the petition presented in court in any action referred to in subsection (1), and the written objections, if any, of the respondent, shall be stamped to the value of ten rupees, but no further stamps shall be required for any other document in the same legal proceedings.'.


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