Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987) - Sect 51

Offences

51.
(1) Any person who-
(a) contravenes any provision of this Act or any requirement imposed under the provisions of this Act or of any regulation made thereunder;
(b) furnishes for the purposes of this Act any information which is or any return the contents of which is, to his knowledge untrue or incorrect; or
(c) wilfully obstructs any member of the Council or an officer or servant of the Council in the performance of his duties under the provisions of this Act,
(2) Any person who is found guilty of an offence under this Act for which no penalty is expressly provided for under this Act, shall liable on conviction after summary trial by a Magistrate, to a sentence of imprisonment of either description for a period not exceeding five years or to a fine not exceeding ten million rupees or to both such imprisonment and fine.


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