23. Section 58 of the principal enactment is Hereby repealed and the following section substituted therefor:
| 58. If any director of an insurer fails to deliver to the administrator any books of account, register or any documents in his custody, relating to the business of the insurer the management of which has vested in the administrator, or retains any property of such insurer, he shall be guilty of an offence and shall be liable to imprisonment of either description, for a period not exceeding six months, or a fine not exceeding one thousand rupees or both such imprisonment and fine. ". |
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Sri Lanka Consolidated Acts