Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPenalty for issue of share certificate or warrant not duly stamped
| 57. Where a company issues a share certificate or warrant without the same being duly stamped, the company and every person who, at the time when such share certificate or warrant was issued, was the managing director or secretary or other principal officer of the company, shall be guilty of an Offence under this Act and shall be liable on conviction after summary trial before a Magistrate to a fine not exceeding five thousand rupees or with imprisonment of either description for a term not exceeding six months or to both such fine and imprisonment. |