Common Amenities Board (Amendment) Act (No. 24 of 2003)

Sri Lanka Consolidated Acts

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Common Amenities Board (Amendment) Act (No. 24 of 2003) - Sect 9

Replacement of section 9 of the principal enactment

9. Section 9 of the principal enactment is hereby repealed and the following section substituted therefor:"

(1) The Authority, may on its own motion, or on the application of a majority of the members of the management corporation or corporation or of not less than one-third of the owners of the Condominium Parcels of the Condominium Property or Semi Condominium Property, hold an inquiry, or direct a person authorized in writing in that behalf, by the Authority by order to hold an inquiry into the activities and financial stability of the management corporation.

(2) For the purposes of an inquiry under subsection (1). the Authority or any person authorized by to hold an inquiry, shall have the power -

(a) to summon any member of the management corporation, or owner or owners of the condominium parcels ;

(b) to require the production of any book or document relating to the affairs of the management corporation or any cash or security ;

(d) to take into his custody, books of accounts or documents in the possession of the management corporation.

	(3) Where an inquiry is lie Id under subsection (1) the Authority or the person authorized by the authority to hold the inquiry shall alter due inquiry make order as regards the management corporation and shall communicate the order of the inquiry to ail the owners of the condominium Parcels of the Condominium property or Semi Condominium Property.

	(4) It shall be the duty of the management corporation to abide by any order made under subsection (3).".

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