Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 444

Cost in actions by certain limited companies

444. Where a limited company is plaintiff in any action or other legal proceeding, any judge having jurisdiction in the matter may, where it appears by credible testimony that there is reason to believe that the company will be unable to pay the costs of the defendant if successful in his defence, require sufficient security to be given for those costs, and may stay all proceedings until the security is given-


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