192.
| (1) Where any person being - an un-certificated insolvent or an un-discharged, bankrupt acts as director of, or directly or indirectly takes part in or is concerned in the management of, any company except with the leave of the court by which he was adjudged insolvent or bankrupt, he 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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| (2) The leave of the court for the purposes of subsection (1) shall not be given unless notice of intention to apply therefor has been served on the official receiver and it shall be the duty of the official receiver, where he is of opinion that it is contrary to the public interest that any such application should be granted, to attend at the hearing, and oppose the granting, of the application. |
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| (3) In this section the expression " company " includes an unregistered company and a company incorporated out side Sri Lanka which has an established place of business within Sri Lanka. |
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Sri Lanka Consolidated Acts