Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 6 of 1969) - Sect 28

Amendment of section 124 of the principal Act

28. Section 124 of the principal Act is hereby amended as follows: -
(1) in sub-section (4) of that section, by the substitution, in paragraph (a) of that sub- section, for the words " any duty under this Act,", of the words " any duty under this Act or such other written law, "; and
(2) by the addition, at the end of that section, of the following: -
" (7) Where, for the purposes of prose cutting any director, manager, or other officer or employee of an insurance business who has acted in a manner prejudicial to the interests of the holders of policies issued in respect of that business, the Attorney-General by written notice requires the Commissioner to furnish such information relating to the assets of such director, manager, other officer or employee as is in the possession of the Commissioner, the Commissioner shall, notwithstanding anything in the preceding provisions of this section, furnish such information to the Attorney-General.".


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