Sri Lanka Consolidated Acts

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Control Of Insurance Act (No. 25 of 1962) - Sect 62

Appointment of Winding-up Tribunals

62.
(1) The Minister may, for the purposes of this Act, appoint one or more Winding-up Tribunals; each such Tribunal shall consist of three members appointed by the Minister, of whom one shall be a person who is or has been a Judge of a District Court, and such person shall be the Chairman of the Tribunal.
(2) A Winding-up Tribunal may choose one or more persons possessing special knowledge of any matter relating to any case under inquiry to assist the Tribunal in determining any question which has to be decided by it under this Act.
(3) Every Winding-up Tribunal shall have such powers of a civil court under the Civil Procedure Code as may be prescribed.
(4) Every Winding-up Tribunal may review any of its decisions in the event of there being a mistake on the face of the record or correct any arithmetical or clerical mistake therein.


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