Winding up.pdf - I fldgi ^I fPoh YS,xld m�;dka;s%l iudcjd� ckrcfha w;s úfYI.eiÜ m%h 2019'05'31 1A PART I SEC(I GAZETTE EXTRAORDINARY OF THE DEMOCRATIC

Winding up.pdf - I fldgi ^I fPoh YS,xld m�;dka;s%l iudcjd�...

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wxl 2125$58 - 2019 uehs ui 31 jeks isl=rdod - 2019'05'31 No. 2125/58 - FRIDAY MAY 31, 2019 (Published by Authority) PART I : SECTION (I) — GENERAL Government Notifications w;s úfYI EXTRAORDINARY The Gazette of the Democratic Socialist Republic of Sri Lanka Y%S ,xld m%cd;dka;%sl iudcjd§ ckrcfha .eiÜ m;%h 1A - PG 4538— 5 00 (05/2019) This Gazette Extraordinary can be downloaded from L.D.B. 1/2018 THE FINANCE BUSINESS ACT, No. 42 OF 2011 REGULATIONS made by the Minister of Finance under Section 33 of the Finance Business Act, No. 42 of 2011. M ANGALA S AMARAWEERA , Minister of Finance. Colombo, 31st May, 2019. Regulations 1. These regulations may be cited as the Finance Business (Priority of Claims in a winding up of finance company) Regulations No. 01 of 2019. 2. These regulations shall be applicable to preferential claims in a winding up of a finance company. 3. (1) The liquidator shall pay out of the assets of the company the expenses, fees and claims according to its tenor, to the extent and in the order of priority set out in the Schedule hereto. (2) The word “assets” in paragraph (1) shall not include assets subject to a charge, unless -
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I fldgi ( ^ I & fPoh - YS% ,xld m%cd;dka;s%l iudcjd§ ckrcfha w;s úfYI .eiÜ m;%h - 2019'05'31 P ART I : S EC . (I) - GAZETTE EXTRAORDINARY OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA - 31.05.2019 2A (a) the charge is surrendered or taken to be surrendered or redeemed under Section 358 of the Companies Act, No. 7 of 2007 ; or (b) the charge was, a floating charge in respect of those assets when created.
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