35. Any person who-
| (a) contravenes any provisions of this Act or of any regulation made thereunder, or |
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| (b) furnishes for the purposes of this Act any information which is, or any document the contents of which are, or any part of the contents of which is, to his knowledge untrue or incorrect, or |
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| (c) wilfully obstructs any officer of the Corporation in the exercise of his duties under subsection (4) of section 15, or paragraph (b) of subsection (2) of section 16, |
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shall be guilty of an offence, and shall, on conviction after summary trial before a Magistrate, be liable-
| (a) in the case of the first offence, to a fine not exceeding one thousand rupees or to imprisonment of either description for a term not exceeding six months or to both such fine and imprisonment, and |
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| (b) in the case of the second or any subsequent offence to imprisonment of either description for a term not exceeding six months, |
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and shall in addition be liable to a fine not exceeding five hundred rupees for each day on which the offence is committed after conviction, and all sums recovered by way of fine shall be paid into the Fund of the Corporation and such sums may be utilized by the Corporation, with the approval of the Minister, to pay-
| (a) holders of policies of life insurance, the liabilities under which have not been discharged; and |
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| (b) employees of insurers who are carrying on the business of life insurance and who have not complied with the terms and conditions prescribed under subsection (2) of section 31, |
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in such manner as may be prescribed. |
Sri Lanka Consolidated Acts