18.
| (1) A company registered as an unlimited company may register under this Act as a limited company, or a company already registered as a limited company may re-register under this Act, but the registration of an unlimited company as a limited company shall not affect the rights or liabilities of the company in respect of any debt or obligation incurred, or any contract entered into by, to, with, or on behalf of the company before the registration, and those rights or liabilities may be enforced in the manner provided by this Act. |
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| (2) On registration of a company under the provisions of subsection (1), the Registrar shall close the former registration of the company, and may dispense with the delivery to him of copies of any documents, with copies of which he was furnished on the occasion of the original registration of the company, but, save as aforesaid, the registration shall take place in the same manner and shall have effect as if it were the first registration of the company under this Act. |
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Sri Lanka Consolidated Acts