The official liquidator for the defunct Fund Management Companies (FMC’s) will on Thursday, September 23 have an investor class meeting with customers of some defunct FMC’s.

A statement by the Registrar-General stated that “all the creditors of the under listed companies are being invited to a virtual first creditor meeting on the scheduled time for each company to be held on 23rd September 2021.

The statement added, “a Virtual Class Meeting will be held on 24th September 2021 from 9:00 am to 11:00 am for investors of Fund Management Companies only.”

Attached is the full statement

Notice to creditors

In the matter of the bodies corporate (official Liquidations) act, 1963 (act 180) and corporate insolvency and restructuring act, 2020 (act 1015) and in the matter of 53 fund management companies (in official liquidation), The Securities and Exchange Commission (SEC), acting in accordance with Section 122 (2) (b) of the Securities Industry Act 2016, (Act 929) (SIA) revoked the licenses of 53 Fund Management Companies (FMCs).

Pursuant to applications by the Registrar of Companies, order has been given for the official winding up of the under-listed companies.

Take notice and notice is hereby given that all the creditors of the under-listed companies are being invited to a Virtual First Creditors meeting on the scheduled time for each company to be held on 23rd September 2021.

Also, note, that a Virtual Class Meeting will be held on 24th September 2021 from 9:00 am to 11:00 am for investors of Fund Management Companies only.

Please note that the meetings will be held via zoom video conferencing. Meeting ID and password shall be delivered to all creditors via text message by 22nd September 2021.

23rd September 2021 – First Creditors Meeting

   9:00 AM –  10:00 AM  
Liberty Asset Management limited  
10:15 AM – 11:15 AM              
Frontline Capital Advisors  Limited
 1: 30 PM – 2:30 PM    
Beige Capital Asset Management Limited
2:45 PM – 3: 15 PM  
Wealth Vision Financial Services Limited

23rd September, 2021 – Class Meeting.  9:00 am – 11:00 am

  1. Liberty Asset Management Limited
  2. Frontline Capital Advisors Limited     
  3. Strategic Hedge Capital Limited Limited  
  4. Beige Capital Asset Management Limited
  5. Wealth Vision Financial Services Limited
  6. Universal Capital Management Limited               



NULL Invalid API key or channelobject(stdClass)#8150 (1) { ["error"]=> object(stdClass)#8045 (3) { ["code"]=> int(403) ["message"]=> string(117) "The request cannot be completed because you have exceeded your quota." ["errors"]=> array(1) { [0]=> object(stdClass)#8152 (3) { ["message"]=> string(117) "The request cannot be completed because you have exceeded your quota." ["domain"]=> string(13) "youtube.quota" ["reason"]=> string(13) "quotaExceeded" } } } }