Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 362

Corrupt inducement affecting appointment as liquidator

362. Any person who gives or agrees or officers to give to any member or creditor of a company any valuable consideration with a view to securing his own appointment of nomination, or to securing or preventing the appointment or nomination of some person other than himself, as the company's liquidator shall be guilty of an offence and shall be liable on conviction to a fine not exceeding two thousand rupees.


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