30.
| (1) From and after the appointed date, no body corporate or an individual shall use the words" stock exchange ", "stock broker" or "stock dealer" as the case may be unless such body corporate or individual as the ca e may be, has been licensed as a stock exchange or stock broker or stock dealer, by the Council under this Act. |
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| (2) From and after the appointed date, no body corporate or an individual shall carry on business as a stock exchange, stock broker, stock dealer as the case may be, such body corporate or individual is authorized to do so under a licence granted under the provisions of this Act: |
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| (3) Any body corporate or an individual who contravenes the provisions of subsection (1) or (2), shall be guilty of an offence under this Act and shall on conviction be liable to a fine not exceeding one million rupees. |
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Sri Lanka Consolidated Acts