35.
| (1) Arty person who, being a director, chief executive, manager, officer or employee or auditor of a finance company
| | (a) fails to take all reasonable steps to secure compliance by that finance company with the requirements of this Act; or | | |
| | (b) fails to comply with any direction issued by the Board under the provisions of this Act; | | |
| | (c) fails to take all reasonable steps to secure the correctness of any statement submitted by such finance company under the provisions of this Act; | | |
| | (d) willfully makes a false entry, or causes such an entry to be made, in any book or record; or in any report, slip, document, or statement relating to be business affairs, transactions, conditions, assets or liabilities or accounts of such, finance company, or willfully causes any such entry to be omitted; or | | |
| | (e) willfully omits to make an entry in any book or record or in any report, slip, document or statement relating to the business, affairs, transactions, conditions, assets or liabilities or accounts of such. finance company or willfully causes such entry to be omitted; or | | |
| | (f) willfully alters, abstracts, conceals or erases any entry in any book or record or in any report, slip, document, or statement relating to the business, affairs, transactions, conditions, assets or liabilities or accounts of such finance company or willfully causes any such entry to be erased, abstracted, concealed or destroyed shall be guilty of an offence under this Act | | |
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| (2) In any prosecution instituted against a person under subsection (1), it shall be a defence to prove that he had reasonable grounds to believe that another person was charged with the duty of securing compliance with the requirements of this Act or with the duty of ensuring that the statements in question were accurate and that such person was competent and in ft position to discharge that duty. |
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Sri Lanka Consolidated Acts