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srilawsby aturio
As enacted
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Contents

Part VII · Action Against Persons Carrying on Finance Business or Accepting Deposits Without Authority

46. Information of assets and liabilities of a person under investigation

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Director may call for information by notice in writing in such manner and as at such date as he may specify of the assets and liabilities of a person regarding whom an investigation has commenced in terms of subsection (1) of section 42 from such person or from any other person who may be acquainted with or aware of or appears to have information regarding the assets and liabilities of such person.

(2)

Where such person is an individual, information of the assets and liabilities of his spouse, children and parents may also be called.

(3)

Where such person is a body of persons, information of the assets and liabilities of:—

(a)

the Directors, managers and employees of a body corporate;

(b)

the Partners of a firm;

(c)

the Members of an unincoporate body other than a firm, and of their spouses, children and parents may also be called.

(4)

Where the Director has information that assets of such person has been transferred, gifted, assigned or disposed of in any manner to any other person the Director may call for information of the assets and liabilities of such other person.

(5)

In requiring information under subsection (1), ( 2), (3)

or (4), the Director may also require the details of increase and decrease in liabilities and acquisition and disposal of assets for a particular period.

(6)

For the purpose of this section “assets and liabilities”

means assets and liabilities in and outside Sri Lanka, and includes immovable and movable property owned by a person or his relative in whole or in part and any property in which such person or his relative has a beneficial interest.

Read on from s 47

Part VIII

Offences and Penalties

Read on from Part VIII

Part IX

General

Read on from Part IX