Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Control Of Finance Companies Act (No. 27 of 1979) - Sect 17

Offences and penalties

17.
(1) Any person who contravenes or fails to comply with any provisions of this Act or of any rule, or direction made or given thereunder shall be guilty of an offence under this Act.
(2) In the case of any offence under this Act committed by a body of persons-
(a) where the body of persons is a body corporate, every director, manager or secretary of that body corporate; and
(b) where the body of persons is an unincorporate body, every individual who is a member of such body.
(3) Every person who is guilty of an offence under this Act by reason of the contravention of or failure to comply with the provisions of section 3, section 15 or section 16 shall be liable on conviction after trial before a District Court to imprisonment of either description for a term not exceeding three years or to a fine not exceeding ten thousand rupees or to both such imprisonment and fine.
(4) Every person who is guilty of an offence other than an offence under section 3, section 15 or section 16 shall be liable on conviction after trial before a Magistrate Court to imprisonment of either description for a term not exceeding six months or to a fine not exceeding two thousand five hundred rupees or to both such imprisonment and fine.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]