132.
| (1) A corporation, whether a company within the meaning of this Act or not, may
| | (a) where it is a member of another corporation being company within the meaning of this Act, by resolution of its directors or other governing body authorize such person as; it thinks fit to act as its representative at any meeting of the company or at any meeting of any class of members of the company ; | | |
| | (b) where it is a creditor (including a holder of debentures) of another corporation, being a company within the meaning of this Act, by resolution of its directors or other governing body authorize such person as it thinks fit to at as its representative at any meeting of any creditors of the company held in pursuance of this Act or any rules made thereunder, or in pursuance of the provisions contained in any debenture or trust deed, as the case may be. | | |
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| (2) A person authorized as aforesaid shall be entitled to exercise the same power on behalf of the corporation which be represents as, that corporation could exercise if it were an individual shareholder, creditor or holder of debentures, of that other company. |
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Sri Lanka Consolidated Acts