10. The following new section is hereby inserted immediately after section 141, and shall have effect as section 141a, of the principal enactment: -
| 141A.
| | (1) Where a person is convicted of any offence in connection with the promotion, formation or management or a company, the court convicting such person may, in addition to imposing any punishment provided for such offence by this Ordinance, make an order that -
| | | (a) that person shall be removed from the office of director ; or |
| (b) that person shall be suspended for a specific period from the office of director, |
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| | (2) If any person acts in contravention of an order made under this section, he shall be guilty of an offence and shall, in respect of each offence, 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