Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 438

Imposition and application of fines

438.
(1) A fine may be imposed by a court for any offence under this Act- notwithstanding that such fine exceeds the amount of the" fine which the court may impose in the exercise of its ordinary jurisdiction-
(2) The court imposing any fine under this Act may direct that the whole or any part thereof shall be applied in or towards payment of the costs of the proceedings or in or towards rewarding the persons on whose information or at whose suit the fine is recovered.


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