8. Section 39 of the principal Act is herby amended as follows: -
| (1) by the repeal of subsection (1) of that section end the subsection therefor of the following new subsection: -
| | "(1) Without prejudice to any other provisions of this Act, the bank may give to any person in. or resident in Sri Lanka directions requiring him-
| | | (a) to furnish, within such time and in such manner as may be specified in such directions, to the bank or to any person designated in such directions as a person authorized to require it any information in his possession which the bank or the person so authorized, as the case may be, may require for the purpose of securing compliance with, or detecting evasion of the provisions of this Act, or where such person does not nave the information in his possession, to obtain such information from any such person in Sri Lanka or abroad as may be specified in such directions and to furnish such information to the bank or to the person authorized; or |
| (b) to attend in person before any officer specified in such directions at such place, at such date and at such time as may be specified therein so that he may be examined on any such matter or matters as may be specified in such directions."; |
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| (2) by the insertion, immediately after subsection (1) that section, of the following new subsection: -
| | " (1A) Any person examined under the provisions of subsection (1) (b) shall answer truly all questions put to him by the officer examining him." ; and | | |
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| (3) by the insertion, immediately after subsection (4) of that section, of the following new subsection: -
| | (5) In this section, " bank " includes any officer of the Department of Inland Revenue or Department of Customs generally or specially authorized by the Monetary Board to exercise the powers conferred by this section.'. | | |
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Sri Lanka Consolidated Acts