Companies (Amendment) Act 2025 · As enacted
19. Insertion of new section 513A in the principal enactment
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The following new section is hereby inserted immediately after section 513 of the principal enactment, and shall have effect as section 513A of the principal enactment: -
513A.
“General
A person, a director, a secretary or an offi cer who contravenes or fails to comply with any provisions of this Act or any regulation made thereunder for which no punishment is expressly provided for such offence shall be guilty of an offence and be liable on conviction to a fi ne not exceeding one million rupees or to imprisonment of either description for a period not exceeding six months, or to both such fi ne and imprisonment.
Where any provision of this Act is contravened or omitted or failed to comply with by a body of persons and where no punishment is expressly provided in this Act, if such body of persons –
is a body corporate, every director, manager or secretary of such body corporate;
is a fi rm, every partner of that fi rm; or
is an unincorporated body other than a fi rm, every member of such body, shall be deemed to have committed an offence and shall, on conviction be liable to a fi ne not exceeding fi ve hundred thousand rupees or to imprisonment of either description for a period not exceeding one year or to both such fi ne and imprisonment:
penalties.
Provided however, that no such person shall be deemed to be guilty an offence if he proves that the offence was committed without his knowledge or that he exercised all due diligence to prevent the commission of the offence.”.