170.
| (1) Where it appears to the Registrar that there is good reason to investigate the ownership of any shares in, or debentures of, a company and that it is unnecessary to appoint an inspector for the purpose, the Registrar may require any person whom he has reasonable cause to believe-
| | (a) to be or to have been interested in those shares or debentures; or | | |
| | (b) to act, or to have acted, in relation to those shares or debentures as the attorney or agent of any person interested therein, | | |
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| (2) For the purposes of this section, a person shall be deemed to have an interest in a share or debenture if he has any right to acquire or dispose of the share or debenture or any interest therein or to vote in respect thereof, or if his consent is necessary for the exercise of any of the rights of other persons interested therein, or if other persons interested therein can be required or are accustomed to exercise their rights in accordance with his instructions. |
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| (3) Any person who fails to give information required of him under the provisions of subsection (1) or who in giving any such information makes any statement which he knows to be false in a material particular, or recklessly makes any statement which is false in a material particular, shall be guilty of an offence and shall be liable to a fine not exceeding five thousand rupees or to imprisonment of either description for a term not exceeding six months or to both such fine and imprisonment. |
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Sri Lanka Consolidated Acts