376.
| (1) Whenever the cash balance standing to the. credit of the Companies Liquidation Account is in excess of the amount which in the opinion of the Registrar is required for the time being to answer demands in respect of companies' estates, the Registrar shall notify such excess to the Deputy Secretary to the Treasury and shall pay over to him, to such account as he may direct, the whole or any part of such excess which he may require ; and the Deputy Secretary to the Treasury may invest the sums paid over, or any part thereof, in Government securities, to be placed to the credit of such account. |
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| (2) When any part of the money invested under the provisions of subsection (1) is, in the opinion of the Registrar, required to answer any demands in respect of companies' estates, the Registrar shall notify the requirement to the Deputy Secretary to the Treasury who shall thereupon repay to the Registrar such sum as may be required to the credit of the Companies Liquidation Account, and for that purpose may direct the sale of such part of the securities referred to in subsection (1) as may be necessary.. |
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| (3) The dividends on investments made under the provisions of this section shall be paid into the Companies Liquidation Account. |
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Sri Lanka Consolidated Acts