106.
| (1) Any register, index or book of account required Form of by this Act to be kept by a company may be kept either by registers, amp;c making entries in bound books, or by recording the matter in question in any other manner. |
|
| (2) Regulations may be made in respect of the application of the provisions of subsection (1) to any minute book required by this Act to be kept by a company. In the absence of any such regulations, such minute book shall be kept by making entries in a bound book, and where- it is not so kept, 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 not exceeding five hundred rupees and also to a default fine. |
|
| (3) Where any such register, index or other book to which the provisions of subsection (1) apply is not kept by making entries in a bound book, but by some other means, adequate precautions shall be taken for guarding against falsification and facilitating its discovery, and where default is made in complying with the provisions of this subsection, 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 not exceeding five hundred rupees and also to a default fine. |
|
|
Sri Lanka Consolidated Acts