116.
| (1) A company having a share capital may, if so authorised by its articles, cause to be kept in any country other than Sri Lanka a branch register of members resident in that country (in this Act called "branch register"). |
|
| (2) The company shall give to the Registrar notice of the situation of the office where any branch register is kept and of any change in its situation, and if it is discontinued, notice of its discontinuance, and any such notice shall be given within one month from the date of opening of the office or of change or discontinuance, as the case may be. |
|
| (3) Where default is made in complying with the provisions of subsection (2), the company and every officer of the company who is in default shall be liable to a default fine. |
|
|
Sri Lanka Consolidated Acts