Section No :  
1980 Revised version
Marginal Notes
1. This Ordinance may be cited as the Debt Conciliation Ordinance.
2. Establishment and constitution of the Board.
3. Conduct of business.
4. Appointment of secretary and other officers and servants. [2,24 of 1964.]
6. Remuneration of members of the Board.
7. Establishment of branch boards.
8. Constitution of branch boards.
9. Conduct of business by branch boards.
10. Remuneration of members of branch boards. [3, 19 of 1978.]
11. Delegation of powers by the Board to a branch board.
12. Penalty on member for hearing, considering, &c, application in which he has an interest.
13. Members to be public officers.
14. Application by debtor or creditor.
15. Mode of application.
16. Affidavits.
17. Particulars to be set out in debtor's application.
18. Particulars to be set out in creditor's application.
19. Applications involving matters already the subject of pending actions.
19A. Applications in respect of debts purporting to be secured by conditional transfers of immovable property. [ 2, 5 of 1959.]
19B. Prohibition of the sale, alienation, &c, of any immovable property to which an application entertained by the Board in respect of a debt referred to in section 19A relates.[ 2, 5 of 1959.]
20. Effect of insolvency proceedings on applications to the Board.
21. Matters to be taken into consideration by the Board.
21A. Matters to be considered in deciding whether or not a conditional transfer of immovable property is in reality a mortgage. [ 3, 5 of 1959.]
22. Return of application for amendment.
23. Fixing of date for preliminary hearing of application.
24. Preliminary hearing of application.
25. Action where Board decides to attempt to effect a settlement with secured creditor or creditors.
26. Action where Board decides to attempt to effect a settlement with all creditors, secured and unsecured.
27. Action when Board, decides not to attempt to effect a settlement.
28. Hearing of application.
29. Order for issue of certificate failure of creditor to submit a statement of debts or to appear at hearing of application.
30. Amicable settlement.
31. Settlement with secured and unsecured creditors.
32. Dismissal of application and grant of certificate where creditor refuses to agree to reasonable settlement.
33. Provisions relating to settlements.
34. Appointment of manager or trustee to give effect to settlement.
35. Registration of notice of proceedings under the Ordinance.
36. Rights of secured creditor who is not a party to a settlement unaffected such settlement.
37. Power of Board to decide dispute.
38. Signature of agent to bind debtor or creditor as the case may be.
39. Effect of certificate .
40. Effect of settlement.
41. Registration of settlement.
42. Certified copy of settlement to court for a such bank or other institution as the Minister may specify.
43. Application to court for a decree in terms of settlement, and entry of decree nisi.
44. Decree absolute.
45. Reference by court.
46. Procedure on reference by a court.
47. Hearing before Board on reference.
48. Decree to be entered by court in terms of the order, decision or settlement under section 47.
49. Procedure before the Board.
50. Application of certain, provisions of the Civil Procedure Code to proceedings under this Ordinance.
51. Appearance of parties.
52. Exemption of certain documents from stamp duty.
53. Power of Board to state case on question of law for opinion of Court of Appeal.
54. Power of Board to review its order [ 2, Law 41 of 1975.]
55. Bar against execution of decree.
57. Bar of civil actions.
57. Compliance with provisions of Ordinance not to be an act of insolvency or a fraudulent preference within the meaning of the Insolvency Ordinance.
58. Computation of period of prescription for suits and proceedings.
59. Certified copies of settlements, &c.
60. Evidence of acts of the Board.
61. Ordinance not to apply to debts due to the State and prescribed persons or bodies.
62. Regulations.
63. Date of operation of regulations. [6,19 of 1978.]
64. Interpretation.