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Contents

Part V · Winding Up of Licensed Bank

91. Penalties

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Every person who is found guilty of an offence by reason of the contravention of, or failure to comply with, any regulation, rule, order or direction or requirement made or issued under this Act, shall, on conviction after summary trial before a Magistrate, be liable to a fine not exceeding five million rupees or to imprisonment of either description for a term not exceeding three years, or to both such fine and imprisonment.