Revival of Underperforming Enterprises or Underutilized Assets Act 2011 · As enacted
7. Offences
Official English translation. The Sinhala text prevails.
Official translationFrom Department of Government Printing, unchanged
Any person who with regard to any Underperforming
Enterprise or Underutilized Assets vested in the Secretary to the Treasury subsection (1) of under section 2:—
refuses or fails to deliver to the Competent
Authority possession of any property movable or immovable including any building, plant, machinery or any fittings or fixtures appurtenant thereto and stock in trade of any such Enterprise or
Assets;
wilfully or negligently destroys, damages or disables, or causes to be destroyed or damaged or disabled, or wilfully conceals or puts away, or causes to be concealed or put away any property of, any such Enterprise or Assets ;or
prevents or obstructs, or directly or indirectly causes any other person to prevent or obstruct, the Competent Authority in taking over the management of, or taking possession or control of, any building or property, of any such
Enterprise or Assets, shall be guilty of an offence under this Act and shall on conviction after summary trial before a Magistrate be liable to imprisonment of either description for a period not exceeding ten years or to a fine not exceeding ten thousand rupees or to both such fine and imprisonment.