Sri Lanka Consolidated Acts

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Finance (Amendment) Act (No. 14 of 1982) - Sect 4

Amendment of section 64 of the principal enactment

4. Section 64 of the principal enactment is hereby amended by the addition, at the end of that section, of the following new subsections :
" (4) Any person, being a person who is required by section 59A. to sign a declaration in an instrument effecting a transfer of ownership of any land to such person, who fails, to sign such declaration 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 hundred thousand rupees or to imprisonment for a term not exceeding two years or to both such fine and imprisonment and in every case, to an additional penalty equal to twice the value of the land transferred by such instrument.
(5) Where an offence under subsection (4) is committed by a body of persons, then
(a) if that body of persons is a body corporate, every person who at the time of the commission of the offence was a director, manager, secretary or other similar officer of that body corporate; or
(b) if that body of persons is a firm, every person who at the time of the commission of the offence was a partner of that firm,.


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