117.
| (1) A branch register shall be deemed to be part of the company's register of members (in this section called "the principal register"). |
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| (2) It shall be kept in the same manner in which the principal register is by this Act required to be kept, except that the advertisement before closing the register shall be inserted in any newspaper circulating in the district where the branch register is kept. |
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| (3) The company shall transmit to its registered office in Sri Lanka a copy of every entry In its branch register as soon as may be after the entry is made, and shall cause to be kept at its registered office, duly brought up to date from time to time, a duplicate of its branch register. |
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| (4) Subject to the provisions of this section with respect to the duplicate register, the shares registered in a branch register shall be distinguished from the shares registered in the principal register, and no transaction with respect to any shares registered in a branch register shall, during the continuance of that registration, be registered in any other register. |
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| (5) A company may discontinue to keep a branch register, end thereupon all entries In that register shall be transferred to the principal register. |
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| (6) Subject to the provisions of this Act, any company may, by its articles, make such provisions as it may think fit respecting the keeping of branch registers. |
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| (7) Where default is made in complying with the provisions of subsection (3), the company and every officer of the company who is in default shall be liable to a default fine. |
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Sri Lanka Consolidated Acts