Sri Lanka Consolidated Acts

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Monetary Law (Amendment) (No. 14 of 1979) - Sect 3

Amendment of section 122 of the principal enactment

3. Section 122 of the principal enactment is hereby amended as follows :
(a) by the insertion, immediately after subsection (2) of that section, of the following new subsection :-
" (2A) Every person who is guilty of an offence by reason of the contravention of subsection (1) or subsection (2) of section 58A shall be liable on conviction after summary trial before a Magistrate to a fine not exceeding three thousand rupees or to imprisonment of either description for a term not exceeding two years or to both such fine and imprisonment. A Magistrate may, on conviction of any person for an offence under subsection (1) or subsection (2) of section 58A, make order that any coin in respect of which the offence was committed or any metal or other article derived therefrom be forfeited to the State. " ; and
(b) by the repeal of subsection (3) of that section and the subsitution therefor of the following new subsection:-
"(3) Every person who is guilty of offence for which no punishment is prescribed by subsection (2) or subsection (2A) shall be liable on convection after summary trial before a Magistrate to a fine not exceeding five hundred rupees or to imprisonment of either description for a term not exceeding one month, or to both such fine and imprisonment.".


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