28.
| (1) Every person who
| | (a) contravenes the provisions of this Act or any rule made thereunder ; | | |
| | (b) being a director, officer or servant of the Bank discloses any information obtained by him in or in connection with the exercise of his powers or the performance of his duties under this Act, to any person for any purpose other than a purpose for which he is authorized to disclose such information by this Act, | | |
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| (2) Every person who commits an offence under this Act shall on conviction after trial before a Magistrate, be liable to a fine not exceeding one hundred thousand rupees or to imprisonment for a period not exceeding three years or to both such fine and imprisonment. |
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| (3) Where an offence under this Act is committed by a body of persons, then
| | (a) if that body of persons is a body corporate, every director or officer of that body corporate; | | |
| | (b) if that body of persons is a firm, every partner of that firm, | | |
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| (4) The Board may, having regard to the circumstances in which an offence under subsection (1) was committed, compound such offence for a sum not exceeding fifty thousand rupees. All sums received by the Board in composition for an offence under this section shall be credited to the funds of the Bank. |
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Sri Lanka Consolidated Acts