27,
| (1) Every person who
| | (a) knowingly makes any false or incorrect statement in any return or information furnished by him in compliance with the requirements of a notice sent to him under section 21; | | |
| | (b) fails or refuses without reasonable cause to comply with the requirement of any notice sent to him under section 21 ; | | |
| | (c) contravenes the provisions of this Act or any rule made there under; | | |
| | (d) being a Director, officer or servant of the Bureau, discloses any information obtained by him in or in connection with the exercise of his powers or the performance of his duties under this Act, to any person for any purpose other than a purpose for which he is authorized to disclose such information by this Act; | | |
| | (e) being a director, officer or servant of any lending institution which is a shareholder of the Bureau discloses and credit or financial information obtained by such lending institution, from the Bureau to any person for any purpose other than a purpose for which he is authorized to disclose such information by this Act. | | |
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| (2) Every person who commits an offence under this Act shall on conviction after trial before a Magistrate, be liable to a fine not exceeding one hundred thousand rupees or to imprisonment for a period not exceeding five years or to both such fine and imprisonment. |
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| (3) Where an offence under this Act is committed by a body or persons, then
| | (a) if that body of persons is a body corporate, every director or officer of that body corporate; | | |
| | (b) if that body of persons is a firm, every partner of that firm, | | |
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| (4) The Board may, having regard to the circumstances in which an offence under section 28(1) (a) or (b) was committed, compound such offence for a sum not exceeding fifty thousand rupees. All sums received by the Board in composition for an offence under this section shall be credited to the Fund. |
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Sri Lanka Consolidated Acts