Sri Lanka Consolidated Acts

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Consumer Credit (Amendment) Act (No. 7 of 1990) - Sect 5

Insertion of new section 29A in the principal enactment

5. The following new section is hereby inserted immediately after section 29 and shall have effect as section 29A of the principal enactment:
29A Where an offence under this Act is bodies of persons committed by a body of persons, then
(a) if that body of persons is a body corporate, every director, Manager or Secretary of that body corporate;
(b) it that body of persons is a firm, every partner of the firm; and
(c) if that body of persons is an unincorporated body, every individual who is a member of such body, shall be guilty of that offence:
Provided that a director or manager or secretary of such body corporate or a partner of such film shall not be deemed to be guilty of such offence if he proves that such offence was committed without his knowledge or that he exercised all due diligence to prevent the commission of such offence.".

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