Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPenalty for default in complying with certain requirements of this Part
| 419. Where default is made in complying with any of the requirements of section 413, section 414, section 415, section 416, section 417 or section 418, every director or other officer of the company who is knowingly and wilfully a party to the default shall be guilty of an offence and shall be liable to a fine not exceeding five hundred rupees for every day during which the default continues. |