32.
| (1) A person shall be disqualified from being appointed or elected as the ease may be, as director, chief executive or secretary of a finance company or from holding such post if such person
| | (a) has bean declared insolvent by any court of law; | | |
| | (b) has been convicted in any court of law for an offence involving moral turpitude; | | |
| | (c) has been convicted for any offence under this Act or the Companies Act, No. 17 of 1982; | | |
| | (d) is a person against whom action has been taken by the Monetary Board under section 18 or 25 of this Act. | | |
|
|
| (2) Any person who acts as a director, chief executive or secretary of a finance company while being under any disqualification set out in subsection (1), shall be guilty of an offence under this Act. |
|
|
Sri Lanka Consolidated Acts