64.
| (1) Where a company fails to comply with the provisions of subsection (2) of section 60, every director, manager, secretary or other officer of that company shall be guilty of an offence under this Part of this Act, and shall, on conviction after summary trial before a Magistrate, be liable to a fine not exceeding one thousand rupees or to imprisonment of either description for a term not exceeding six months or to both such fine and imprisonment. |
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| (2) Every person who is liable to the tax under sub section (1) of section 61 shall notify in writing, within fifteen days after the date on which this Act becomes an Act of Parliament,-
| | (a) if the property consists of land, the Registrar of Lands of the district in which the land transferred by an instrument referred to in that subsection is situated, of the fact of the execution of such instrument, or | | |
| | (b) if the property consists of shares in a company, the company in the registers of which the transfer of such shares was registered, of the fact of the transfer of such shares. | | |
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| (3) Any person who fails to comply with the provisions of subsection (2) shall be guilty of an offence under this Part of this Act, and shall, on conviction after summary trial before a Magistrate, be liable to a fine not exceeding one thousand rupees or to imprisonment of either description for a term not exceeding six months or to both such fine and imprisonment. |
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Sri Lanka Consolidated Acts