10. The following new sections are hereby inserted immediately after section 16, and shall have effect as sections 16A and 16B respectively, of the principal enactment:
| 16A. The Corporation shall be deemed to be a bank within the meaning of Chapter VI of the Evidence Ordinance, notwithstanding the fact that it does not accept demand deposits, and accordingly, the provisions of that Chapter shall apply to, and in relation to, the Corporation. |
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| 16B.
| | (1) Every person who
| | | (a) knowingly allots, or registers, any shares in the Corporation, to or in the name of, any person, in contravention of the provisions of section 7(3); or |
| (b) knowingly secures the allotment or registration of any shares in the Corporation, to, or in the name of, any person, in contravention of the provisions of section 7(3) ; or |
| (c) being a director, employee or auditor of the Corporation, discloses any matter relating to a transaction of the Corporation to any person for any purpose other than a purpose for which he is authorised to disclose such matter by this Act, |
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| | (2) Where an offence under this Act is committed by a body of persons, then,
| | | (a) if that body of persons is a body corporate, every director and officer of that body corporate ; or |
| (b) if that body of persons is a firm, every partner of that firm, shall be deemed to be guilty of that offence : |
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Sri Lanka Consolidated Acts