154.
| (1) A copy of every balance sheet, including every document required by any written law to be annexed thereto, which is to be ]aid before a company at a general meeting together with a copy of the auditors' report, shall not less than twenty-one days before the date of the meeting, in the case of a company other than a private company, and fourteen days before the date of the meeting, in the case of a private company, be sent to every member of the company (whether he is or is not entitled to receive notices of general meetings of the company), every holder of debentures of the company (whether he is or is not so entitled), and all persons other than members or holders of debentures of the company, being persons so entitled : |
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| (2) Any member of a company, whether he is or is not entitled to have sent to him copies of the balance sheets of the company and any holder of debentures of the company, whether he is or not so entitled, shall be entitled to be furnished on demand, without charge, with a copy of the last balance sheet of the company including every document required by any written law to be annexed thereto, together with a copy of the auditors' report on the balance sheet. |
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| (3) Where default is made in complying with the provisions of subsection (1), 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 two hundred and fifty rupees, and if when any person makes a demand for any document with which he is by virtue of the provisions of subsection (2) entitled to be furnished, default is made in complying with such demand within seven days from the date of making thereof, the company and every officer of the company who is in default shall be guilty of an offence and shall be liable to a default fine unless it is proved that that person has already made a demand for, and been furnished with, a copy of the document. |
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| (4) The provisions of subsection (1) shall not have effect in relation to a balance sheet of a private company laid before it before the appointed date, and accordingly the right of any person to be furnished with a copy of any such balance sheet and the liability of the company in respect of a failure to satisfy that right shall be the same as they would have been if this Act had not been brought into operation. |
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Sri Lanka Consolidated Acts