View All - 2000 Acts
Section No :  
Acts & Ordinances
FINANCE LEASING
Marginal Notes
1. This Act may be cited as the Finance Leasing Act, No. 56 of 2000 and, shall come into operation on such date as the Minister may appoint by Order published in the Gazette (hereinafter referred to as the "appointed date").
2. Finance leasing business to be carried on a certificate of registration.
3. Qualifications for registration.
4. Section - 4
5. Certificate of Registration.
6. Annual registration fee.
7. Operating manual.
8. Alteration of certain documents only with approval.
9. Cancellation or suspension of registration.
10. Procedure for suspension or cancellation of a registration.
11. Rights to undisturbed possession.
12. Use of equipment.
13. Non-delivery, late delivery and non-conformity of equipment.
14. Lessee's acceptance of equipment.
15. Return of equipment.
16. Termination or variation of conditions of a supply agreement.
17. Supply Agreement.
18. Supplier's obligations to a lessee.
19. Non- liability of lessor for loss in relation to equipment.
20. Default by lessees.
21. Accelerated payments or termination with notice to lessee.
22. Computation of damages.
23. Due diligence of the lessor.
24. Transfer or assignment of lessor's right.
25. Transfer of lessee's right in the equipment.
26. Lessee's trustees in bankruptcy or creditors.
27. Recovery of possession if resistance is not offered.
28. Recovery of possession through court.
29. Recovery of monies due under the finance lease.
30. Savings of other remedies.
31. Non-applicability of certain provisions of this Part.
32. Effect of carrying on finance leasing business without registration.
33. Powers of examination of registered establishment.
34. Power to issue directions.
35. Regulations.
36. Protection from suit.
37. Non-disclosure of information.
38. A registered establishment deemed to be a lending institution.
39. Offences.
40. Wilful act or omission in relation to records and books.
41. Penalty for offence.
42. Compounding of offences.
43. Interpretation.
44. Persons engaged in finance leasing business on the appointed date.
45. Sinhala text to prevail in case of inconsistency.