Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 182

Age limit not to apply if company so resolves

182.
(1) Nothing in the provisions of section 181 shall prevent the appointment of a director who has attained the age of seventy years or require a director who has attained that age to retire if his appointment is or was made or approved by a resolution passed by the company at a general meeting and specially declaring that the age limit referred to in section 181 shall not apply to such director.
(2) Special notice shall be required of any such resolution referred to in subsection (1) and unless such notice is given, such resolution shall be void.
(3) Notice of any resolution referred to in subsection (1) given to the company, and by the company to its members, shall state or shall have stated the age of the person to whom it relates.


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