Sri Lanka Consolidated Acts

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Declaration Of Assets And Liabilities (Amendment) Act (No. 74 of 1988) - Sect 8

Amendment of section 9 of the principal enactment

8. Section 9 of the principal enactment is here by amended as follows : -
(1) in subsection (1) of that section by the insertion immediately after paragraph (b) of the following paragraph:-
"(bb) who Wilfully omits any asset or liability from any "such declaration : or " :
(2) by the insertion immediately after subsection (3) of that section of the following subsection : -
(3A) Where any person is convicted of an offence under paragraph (56) of subsection (1) the asset in respect of Which the offence was committed shall by virtue of such conviction be vested in the State free of all incumbrances.
(3B) The vesting of any assets in the State under subsection (3A) shall take effect -
(a) where an appeal has been preferred to the court of Appeal or the Supreme Court against the order of forfeiture, upon the determination of the appeal, conforming or upholding the order of forfeiture ;
(b) where no appeal has been preferred to the Court of Appeal against the order of forfeiture after the expiration of the period within which an appeal may be preferred to the Court of Appeal against the order of forfeiture. ".

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