7.
| (1) A company liable to the tax for any financial year shall pay the tax to the Registrar of Companies within thirty days after the date of commencement of that financial year. |
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| (2) Where a company liable to the tax fails to pay any amount of the tax for any financial year within the period required by subsection (1), the Registrar of Companies shall, by notice in writing, require that company to pay, within a period of fourteen days after the date of the service of such notice, such amount to the Registrar. If such company fails to pay such amount within the period of fourteen days so specified in the notice, such amount shall be deemed to be in default and shall be a charge on all the assets of such company, and the company shall be deemed to be a defaulter for the purposes of this Act. |
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Sri Lanka Consolidated Acts