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As enacted
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Part VIII · Offences and Penalties

57. Application of funds for payment of fine

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

(1)

A director, manager or secretary of a body corporate or a partner or a member of an unincorporate body ordered to pay a fine shall be guilty of an offence under this

Act, if he applies any funds of such body corporate or unincorporate body, as the case may be, for the payment of such fine or part thereof.

(2)

Any person who commits an offence under subsection (1) of this section shall be liable on conviction after trial by a Magistrate to a fine not exceeding one million rupees or to imprisonment of either description for a term not exceeding three years or to both such fine and imprisonment and to restore to such body corporate or unincorporate body an amount equivalent to the amount of funds he utilized from such body corporate or unincorporate body to pay the fine.

Read on from s 58

Part IX

General

Read on from Part IX